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Don't assume borrowing lots of money can make your startup fly!
Don’t assume that borrowing lots of money can make your startup fly: We know that funding is one of the most common reasons why a startup fails. This quote however highlights that apart from funding, there are several other challenges that a founder should navigate through. Funding is only a part of the problem solved. It gives you an opportunity to expand, but you ought to reach some requirements such as product market fit, customer agreements etc to make this viable.
Don't take too much advice, most people have a lot of advice to give - Startup 101
Startup is hard work and the journey gets harder when you start presenting your idea to people. When we talked about assessing your startup idea, the first suggestion was to test the idea for feedback. When you go out to get feedback, unfortunately you don't always get useful feedback. As you grow your startup, you must get good at separating noise from feedback.
The critical ingredient is getting off your butt and doing something!
Though it sounds a bit crass, the quote makes an important point about taking swift decisions in a startup. We always get caught up between strategy and acting fast. In most cases, it is also called being tactical. For a startup, both strategy and tactics go hand in hand. We are forced to take some decisions quickly and have little time to strategise about its wider impact. One may even argue that strategy is a challenge with a scale up rather than early stages of startup.
"If you’re starting something on your own, you better have a passion for it, because this is hard work." -Sallie Krawcheck, Co-founder of Ellevest
If you're starting something new: This discussion takes you through key tenets of running a startup, the primary one among them being true passion about what you are doing. Running…
Satisfiers dissatisfiers in product Management
In this article, I've adapted this model for prioritisation in product management. The use case of this discussion is: You have a list of requirements as a product manager. You're now trying to prioritise items based on what gives most value in development.
The secret to successful hiring is this_ look for the people who want to change the world
Early-stage startup hiring: Hiring is always challenging. In this article, we talk about strategies for early-stage startup hiring for an entrepreneur. If you have received your first/second round of funding,…
The secret to successful hiring is this_ look for the people who want to change the world
Recruitment in Startup: Recruitment is never an easy topic to talk about. Even the best companies struggle with getting the right people for the right job. In a startup, this…
Don’t try to do everything by yourself, but try to connect with people and resources. Having that discipline and perseverance is really important_ - Chieu Cao, Co-founder of Perkbox
In this article, I'll make a case for an entrepreneur not to do everything by themselves. Although the temptation is to save expense and bootstrap - it can turn out to be expensive in the long run. Not only that, but you also won't have the expertise to do a good enough job at it.
Freemium model pros and cons - Pros/Advantages
A brief discussion about the pros and cons of a freemium business model. In a product led company, it is similar to the product led growth model. The premise of these freemium models is value based selling. In this article, we will talk about the benefits and disadvantages of a freemium model for business.
Projections are just bullshit - startup quotes
For an early stage startup, valuation is very difficult. The best way to do this is to find a competitor or a similar business. Make an assumption about a % of market capture to give you an idea for initial valuation. Ultimately your startup value is based on
