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Building a company is fucking hard

nvdk.co

11–20 of 181 posts

Re: Building a company is fucking hard

#11
A millennial complaining that success requires effort? I'm shocked!

Joking aside, yes, building a business requires far more work than it may seem to the prospective first-timer. Fortunately there are some excellent book to help you know what to expect and what you need to plan for when starting a business. Michael Gerber's "The E-Myth Revisited" is the one book I would recommend as a starting point (and I would not necessarily recommend an entire library of books -- you want to start a business, not be a full-time reader).

Re: Building a company is fucking hard

#12
post #9

I think Mark Cuban on Shark Tank used to tell founders this. Don't start a company because you have a world-altering idea. Start a company because you love starting companies.

The handful of successful entrepreneurs I know fit in this mold: they are addicted to starting companies. Once it's showing stable growth and beginning to mature these people get restless and starting wondering what they can start next.

Re: Building a company is fucking hard

#13

Two important points in that essay: You will need friends You will need mentors This is 100% true, so I have a question. How do you find those when you're already spending all of your time on your startup and new to town without a support network in place?

I moved to a new city in Jan where I know one person, am starting a new company, and have a young family (e.g. limited time). In the last month I've:

1. Spoken to a group of CEOs about how to solve their product management issues

2. Organized a group of 6 product managers for drinks (I had met two of them once)

3. Demonstrated credibility and a willingness to help enough that I've gotten a bunch of inbound intros to help people with their Product problems

Here's what I did:

1. Connected with people at the local startup hub. There's only one here as it's a small city (2. Share my knowledge. I've been doing Product Management for 16+ years. That's a skill that's needed here. So doing talks through the hub has enabled me to meet people and establish credibility. I put the word out that I'll meet with anybody in the local community to see if I can help with their product issues, and now people are sending me intros to others.

3. Organize people. It takes so little to organize a small group of like-minded folks. Last night I got 6 other Product Managers together here at a bar to talk shop. It was a matter of putting the word out amongst people I'd met via steps 1 and 2 with a time, date, and location.

If you lather, rinse, and repeat steps 2 and 3 you'll establish a good community because you're helping others level up.

Think about this time as an investment in your long term success. Work doesn't always look like writing code or talking to customers - having a peer group and mentors you can learn from will help with strategy, tactics, accountability, and - most importantly - your mental health.

Re: Building a company is fucking hard

#16
post #7

There's an old adage that successful people surround themselves with success. It's all about cohort - if you don't have other friends who are pushing themselves the way you are, it will be very, very, hard. It doesn't matter if you're in tech and your friend is in gardening, what matters is the shared struggle, and dreams. It helps knowing you're in a boat others have been in before. Spouses/partners can understand a…

100% agree.

I don't have any friends that pushed themselves to start an IT company and being successful. I only know people who claimed to do the best but failed miserably within the first year of their start-up.

I made also failures in my startup as well, but we closed because we were approaching the zero budget and without having real customers.

Partners who are not in IT cannot fully understand the struggle of running an IT company.

Re: Building a company is fucking hard

#18
post #9

I think Mark Cuban on Shark Tank used to tell founders this. Don't start a company because you have a world-altering idea. Start a company because you love starting companies.

What would he have you do if you have a world-altering idea? A company is still the best vehicle for seeing it actually change the world.

Re: Building a company is fucking hard

#20
post #15

> I have yet experienced more in these four years than most people do in all of their lives. Lol, hearing that from a 22 year old.

I think anybody that would say this is very likely completely right about it, despite their age.

I'd make the opposite claim.
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