Curated from: Below the Line with James Beshara
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To 10x your chances at startup success: Fix a problem that you yourself have.
This is crucial because:
Building a company for a problem you have is better than building a company for financial reasons.
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When building a company, launch earlier rather than later.Â
By launching early, youâll get feedback from customers sooner and will be able to make adjustments to improve the product.
Refine and refine your solution to better solve the problem your customers face
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When looking for your first hires, you need to find people who are as passionate about solving that problem as you are
If youâre trying to build a startup in the software space but donât have any coding experience, find a cofounder that does
Not every company has to be a venture-backed startup. You can build a successful small company thatâs an awesome cashflow machine.
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At a certain point, your company will be too big for you to do everything. Thatâs where delegation comes in.
If youâre too much of a control freak, you wonât let others blossom and youâll limit the growth of your company.
When you delegate, you wonât get 100% of the results you want, but you will get 90% of the results with only 5% of the work which is an excellent tradeoff.
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Why did James move from San Francisco to Los Angeles?
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CURATOR'S NOTE
Founder quotes and tricks for building a great product.
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Learn more about entrepreneurship with this collection
How to secure funding
How to market and sell your product or service
How to scale and grow your business
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