What do you wish you had known before you started your first business?

Was there more legal or mechanical knowledge you wish you had? Did something catch you off guard? I'd love to hear what helped you get through the growing pains of starting your first business.

Replies

Creator of AyeTap
When I started my first business (which) had nothing to do with tech, way back in college, the biggest mistake I made was not fully understand the importance of cash flow and how complicated it was to manage cash keeping in mind seasonal ups and downs to the business.
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The only thing I need to know before is how to start my own product community. I guess this is one of the most crusial things for startups.
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web service developer
1. I should have made a business out of what I love to do. I can't continue to operate if I'am not interested in it. 2. The ideas I come up with, other people will come up with them too, so I'd better act fast. 3. That it's very important to find users who will use it and talk to them rather than think about it yourself.
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Pricing, volume, and cash flow.
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Hard Tech Analyst at Cantos VC
Not to jump straight into marketing and not to spend forever in development before rolling out our first version of our product.
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Community & branding enthusiast
Don't be a perfectionist, roll out MVP and ask for feedbacks - if you see a good reaction, start gathering early adopters in 1 place, show them your appreciation and keep them posted with your plans, they are your best advisors.
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Growth Marketing @ dashly.io
well... forget about perfectionism, adopt agile :)
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Growth Marketer and Entrepreneur
1. Know your business 2. Validate your idea 3. Don't spend money till few people buy from you 4. Hire based on referral. Not a totally stranger. 5. Know your finance, cash-flow, monthly income and expense 6. Build a strong culture based on what your values, believes are
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