People are the most important thing – Adam Neumann
People are the most important thing – in a world full of ideas, numbers and financial projections, we shouldn’t forget that it is all about the people who make magic happen!
Lean startup
Lean startup philosophy dominates a cost effective development process in a startup. Lean startup is a philosophy which defines its methodology. A constant focus is on reducing costs, improving efficiency and ensuring that each development activity is well justified through adequate business reasons. Lean startup focuses on yielding results and is more keen on WHAT needs to be done than HOW
You’ve got to be embarrassed by your first version!
Embarrassed by your first version: This article is all about developing minimum viable products, gathering customer feedback and continually improving while keeping wastage minimal. One of the most important tenets of the agile process is to keep iterating as often as possible. If you’re waiting for perfection, then you’ll delay time for feedback, eventually costing … Read more
There’s something artificial when everyone is agreeing
There’s something artificial when everyone is agreeing: It’s weird when everyone agrees in a team or organisation. Sure, there will be moments like that but if it is a pattern in your founding team, then there are two problems: the leader’s too strong or you don’t have challengers. Either way, it is a sign that something is terribly wrong and you as a founder will need to act on it.
You don’t need to be the biggest brand in the world
Biggest brand in the world: This is a great desire isn’t it? All entrepreneurs start with a great dream – to create the unicorns of the world. To be honest, a startup is probably simpler than that. The root of a startup is in customer problem. It might start with frustration, delight in an experience or finding a more efficient way to do things. Most of these ideas may not be the biggest brand in the world. But they have a humble start from having to solve a problem for a customer.
Focus on forging long-term relationships in Startup
Most accelerators will tell startup founders to focus on networking. You never know who can be extremely helpful in building your startup. Also, you must make sure that you don’t just network for the sake of it. This quote bases itself on the strength of building real relationships to help in your startup journey. Make sure however that you’re not limiting the scope to a short-term output. The worst thing you can do as a startup founder is to go to networking events and start asking people about investment. The purview needs to be larger than that – the love for the field.