General
Share and discuss tech, products, business, startups, or product recommendations
Start new thread

What advice would you give someone who is starting their own company?

by•
I wish someone had told me how much time it would take. I was so naive when I started my company, thinking that it would be easy to get off the ground and make a name for myself. What I didn't realize until later is that there's so much work involved in building a business and so many things that can go wrong. I'm grateful for my experience now, but if I could go back and tell myself something about starting a company, it would be: "Don't expect things to go smoothly. And if you had to pivot... PIVOT!"
149 views

Add a comment

Replies

Best
Find a Co founder with has what you lack of.. Best profiles: -Developer -CFO -Marketer
Get used to rejections and learn from them. More rejections means more iterations which is a holy grail for success
Pivot until you reach pmf. And when you reach it, grow as fast as ever possible.
Sort your instrumentation first. Automate and track things as much as you can - be it market research, generating insights from surveys, marketing communication, community development etc.
Chuẩn bị kiến thức chuyên sâu về lĩnh vực mình hoạt động, cộng với việc trang bị nền tảng về quản trị, marketing, bán hàng, chất lượng sản phẩm
Just start and keep going, failure is inevitable so see these as learning and continue brother!
Persistence is the single largest thing I would suggest. Showing up every single day to make it happen. Pivot, change in strategy, etc. will all follow.
- Always be ready to learn and be open to constructive feedback - Do not try to trick your customers, always provide value - Build your product for your target audience and not for yourself - Your company must have liquidity and no debt - Minimize expenses and reinvest profits
No one can tell how long will it take or how much effort it needs. Some get it done a bit easier compared to most of them. If you're expecting an easy ride it's not the path to choose. An idea is just a starting point you and your team only know how long it will take if stood by it. Nothing matters idea, experience, or network just keep going, keep going, keep going. Good luck.
1. Understand they your customers want. 2. Who are your customers (it cannot be everyone) even if you are building a Microsoft word alternative be very specific. 3. Find customers first (10 to 100 people) before building the product. 4. It's hard don't give up in few years you wont regret it.
First
Previous
•••
789
•••
Next
Last