Creating a startup as a new entrepreneur can lead you down a very bumpy road. Make your journey a little smoother with the 10 lessons learned from our startup founders.
Building a new business from the ground up can be an overwhelming experience. There are so many new things to learn and even more things to do, every single day. This process can also create a lot of creative insecurities and leave you wondering if you are doing the right things, taking the right steps, and focusing on what is truly important.
We want our community of entrepreneurs to feel confident in their ventures and have as many resources as possible at their disposal, so they can focus on creating the best possible product or service they can and leave the second-guessing behind.
This is why we have asked the startup founders in our network to share with us a few lessons they have learned throughout their journey that can help upcoming entrepreneurs become better professionals.
The first lesson our startup founders learned is the importance of doing market research while seeking to develop a truly useful product, and how continuing to do it throughout the rest of your journey can help you stay in touch with your customer’s needs!
While researching and developing your initial idea, it is important to always keep in mind why you are doing this in the first place. You have to focus on the customer’s needs over the product or service you are selling in order to have a sustainable business.
Doing market research and customer discovery can produce a lot of changes in your initial idea, and that is completely normal. The important thing is that you stay true to your long-term vision to avoid losing your focus.
Do not let an initial lack of knowledge hold you back! There are always ways to learn.
You will always want to make your product or service better, but it is important to stay realistic and know that your first release will probably not have all of the features you envisioned. Start off with just a few useful features, and build the rest as you go.
When thinking about who should form part of your founding team, think strategically and look for people who will add value to your product, service, or idea.
As important as having a great founding team is, do not let it hold you back from creating something great. It is better to have one fully dedicated person than a full team of people who do not add value.
As a startup founder, you will be constantly reaching out to others and writing emails, drafting proposals, and networking at events, which is why it is important to continuously develop your communication skills.
Much like your communication skills, practicing your patience is very important as a startup founder. It takes a lot of time to see results, and you have to be ready to manage this.
Finally, you should always keep having fun and learning new things throughout your journey! If you are not passionate about what you do, it will show in your work.
As shown by these startup founders, there are never too many lessons to learn when working as an entrepreneur. Which lessons have you learned so far in your own entrepreneurial journey?