What’s the biggest lesson you’ve learned on your startup journey so far?

Isa Tanis
35 replies
Calling all founders! 🚀 Share your wisdom with the community and let’s inspire each other to keep pushing boundaries!

Replies

Focus on revenue more than growth.
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Anastasia Savchyn
It's important to remember that even if you believe your idea is brilliant, it may not be suitable for everyone. To ensure your product is successful, you should conduct market and user experience research, survey potential users, and ask their opinions
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Aaron
Be very adaptable. Things change very fast and almost nothing goes on according to the plan.
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Nicolas Gohler
Don't underestimate marketing. It's going to be way harder than you thought. Talk about what your building with your audience, or create an audience around it.
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Stephanie Cameron
Focus! The no's you say are almost as important as the yes. Chose your priorities and go for them
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Cara (Borenstein) Marin
@stephanie_cameron +1 to focus -- in the past I had a tendency to feel rushed which made it difficult to make meaningful steps forward. Now I decide on what matters most and let myself take the time I need to do it well.
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Deniz Savkay
Doing every aspect of the business ourselves is much better than paying money to 3rd parties to do stuff for us
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Isa Tanis
Launching soon!
@deniz_savkay Yes, no one cares about your business as much as you do. But when you do it this way, sustainability problems arise.
Vaidas Saltenis
As a founder, you must be the biggest user and fan of your product. Not because you created it, but because it's useful. It is very likely that someone will need it too (for MVP stage).
Cara (Borenstein) Marin
Simplicity. It's tempting to think that adding feature after feature will take you to PMF but the need to add lots of features might be an underlying PMF issue. Choose a small number of things (one?) to change over incumbents and do it really well. Let that shine and be "enough" for your early adopters. If it's not, then choose a different bet.
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Girish Gilda
One of my biggest mistakes has been to depend on too many people. I've learnt that it's better to understand and manage things by myself at initial stage. This gives a good understanding and hold over the product. Later on delegate the work to those who enjoys it.
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Soumil Rathi
Talk to the potential customers. Interact with as many of them as you can and really try to understand the problem you're trying to solve!
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John Son
That I need to take care of many more roles than I signed up for? 🤣
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John Son
I wrote my reply and read through the ones you all wrote. That's why I want to write another one... 😅 I think sustainability is the most important factor for a startup. All the decisions you make should be a decision to survive in the market.
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Marc Andre
My biggest lesson is the power of networking. It doesn't matter what type of business you have, a strong network is gold.
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murph
If you’re truly trying to bootstrap traffic/an audience from scratch, you need to spend time grinding on things that don’t scale (posting, commenting, etc.)
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Mohan N
1. Take VC money but never their advice - 99.99% of them dont knwow hat they are talking - they are just copy pasting shit they heard from someone 2. When you start on something it sucks - and at the end of sucking long enough you become better - the secret is showing up each day even when you suck at it till one day you discover you suck less than 99% of people 3. consistency and being at it is what worked - there are no silver bullets 4. If you cant sell your product and get revenues - then all of it is just a intellectual project - might as well write a book that nnone will read
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Khul Anwar
Understanding audience's problem and frequency is very very important
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Justin Rhodes-Harrison
Great question Isa - and there are so many BIG lessons, but I guess my top 4 - 1) Start with a small target audience, don't think too macro; 2) Find the right 'hooks' for users to use your product and market the hell out of those; 3) Start raising money (or more money) as early as possible as this doesn't happen overnight; 4) Believe and back yourself and make sure you have some "cheerleaders" to support your journey
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Porush Puri 🇮🇳
Persistence over anything else
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Sami Atieh
Focus on going deeper into one vertical at a time. Start with 1 product/service and master it. You won’t have the resources to go horizontal for quite some time.
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Sami Atieh
Do not believe everything a new hire says. Ask for more details, examples, references - some people are great bullshitters. Stick to hiring contractors for a while.
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