7 Things You Need To Learn To Become A Successful Startup Founder
Focus On Customers Not Funding
Relying too heavily on investor money without focusing on acquiring and retaining customers will certainly lead you to the wrong place.
Solve Real Problems
Instead of focusing on a cool idea or falling unconditionally in love with a problem statement, find a real market problem that customers will pay you to solve.
Leadership Skills
If you don’t know how to lead your team, align them with the common vision, and motivate them to do their life’s best work, your team will fall apart and so will your startup.
Hiring Decisions
Don’t just hire the person who has the strongest resume. Hiring smart people who are not team players is the biggest hindrance to growth.
Don’t Ignore The Boring Parts
Legal, compliance, governance, and finance are often considered the boring parts of a business.
An Appetite For Risk
Startups are synonymous with high risk and high reward but most first-time founders don’t understand what it means to take risks.
Thoughtful Guidance
First-time founders often shy away from taking advice, getting coached, or guided, while guidance is by far the most important tool in the arsenal of a startup founder.
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