Category: Startup Business (Page 2 of 18)

STARTUP ADVICE:  Fortune Favors the Brave

The one thing every entrepreneur must be is bold. You cannot hesitate. You cannot give in to your fears. You must drive yourself forward, relentlessly, no matter what the cost. Even if it means risking everything for which you have worked so hard.  Even if it means losing your company and reputation. You must stretch yourself and seize the day. That is only way dreamers can make reality conform to their will.

Killer Stress

Stress is a killer for entrepreneurs. If you are feeling stress, a good strategy is to think deeply about the cause. Then make a list of actions you can take to address the underlying issues. What can you do to solve the problem.

If there is nothing you can do, you need to train yourself to stop thinking about it. You should have a list of things that make you truly happy in your life, and whenever you feel stressed, sit back and think of those things. It actually works.

STARTUP LESSON: Video Talks

video

STARTUP LESSON: I find myself creating a lot of videos for partners overseas. This is one where I’m talking to investors in Shanghai. I’ve done videos for conferences, signing ceremonies, startup pitches, and even weddings.

Making a video can take a lot of time, so I’ve optimized the process. I do every video in a single take, so there’s no editing. I also try to use a background that looks professional. Lighting is key. If you’re stuck in a hotel room, stand in front of the window, angel the camera upwards so the bed doesn’t show, and move your face close to the camera.

STARTUP LESSON: Eat Less, Do More!

I love eating, and I eat way too much. It’s a freaking miracle I don’t weigh 300 pounds. But I’ve learned that the less I eat, the more energy I have. When I cut my food consumption in half, I have double the energy.

I just need to start doing this on a regular basis.

STARTUP LESSON: Video Talks

Solaris 02

I find myself creating a lot of videos for partners overseas. This is one where I’m talking to investors in Shanghai. I’ve done videos for conferences, signing ceremonies, startup pitches, and even weddings.

Making a video can take a lot of time, so I’ve optimized the process. I do every video in a single take, so there’s no editing. I also try to use a background that looks professional.

STARTUP LESSON: The Dirty Dozen

I have the DIRTY DOZEN rule for startups. When it comes to businesses development only YES one out of 12 times. The other 11 opportunities are most likely a waste of your precious time and resources.

STARTUP LESSON: Unbelievable Ideas

Great startups are often based on an idea that most people refuse to believe is possible at the time it appears. Take these examples:

Twitch: Millions of people will tune in to watch other people play video games online.

SpaceX: It’s possible for a founding team without significant space or rocket experience to build a company that makes manned space flights better than NASA or any other government on the planet.

STARTUP LESSON: Startup Stress

The key to performing at your highest level is to not put yourself under pressure. Stress undermines your ability to make smart decisions and manage effectively. To reduce stress, don’t worry about the outcome. Just focus on what needs to be done and try to take pleasure in everything that happens along the way. That’s my secret.

STARTUP LESSON: What’s Your Valuation?

What’s your valuation? The only way to know is to find out the valuation of similar startups. To do this, ask friendly VCs and advisors who have access to lots of deals and know the funding market. You can also reach out to other startup founders. And you can use an investor account to access valuations on Angel.co and similar sites.

STARTUP LESSON: Break Your Business

Don’t try to prove your business model works. Instead try to prove it doesn’t work. Think of everything you can do to show your startup can never become a big business. If you succeed, celebrate and try something new. You just saved yourself a lot of time and money.

« Older posts Newer posts »

© 2022 Founders Space
Privacy Policy | Terms of Use