What advice would you give someone who is starting their own company?
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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!"
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.
Make sure your health routines are in order :) Sleep on time, get enough sunlight and get into the habit of exercising regularly. You’ll need all the
help you can from your body and mind..
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it's important to have realistic expectations when starting a business. It takes a lot of hard work and perseverance to succeed. Your advice to be prepared to pivot is spot on, it's essential to be adaptable in the business world. Keep pushing forward!
Try many different things (solutions, products, distribution, etc). When startup stories are told, they focus on the one thing that clicked. Most founders go through a bunch of things that didn't work out before stumbling on the one thing that just works.
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Mine would be - keep your day job. If you are not happy, change the company and the boss. Same as what Jack Ma said.
One of the things I always remind founders that I work with is the importance of a sound GTM strategy: Identify who your customers are (your ICP) and identify the strategies and tactics used to acquire them. That needs to be well thought out.
Don't be afraid to delegate when the time comes. Hire people that are better than you.
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Define your unique value proposition.
Conduct market research to validate your idea.
Create a detailed business plan.
Build a strong team.
Network and seek mentorship.
Manage finances wisely.
Be prepared to pivot if needed.
Focus on customer satisfaction.
Stay organized and track progress.
Stay resilient and don't give up.
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