Build a company around a problem that you yourself have.
Founder quotes and tricks for building a great product.
MORE IDEAS FROM How to 10x Your Chance at Startup Success
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.
When looking for your first hires, you need to find people who are as passionate about solving that problem as you are
If you’re trying to build a startup in the software space but don’t 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 that’s an awesome cashflow machine.
When building a company, launch earlier rather than later.
By launching early, you’ll 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
At a certain point, your company will be too big for you to do everything. That’s where delegation comes in.
If you’re too much of a control freak, you won’t let others blossom and you’ll limit the growth of your company.
When you delegate, you won’t 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.
Why did James move from San Francisco to Los Angeles?
In a world where there tons of problems found daily, tons of ideas culminating in minds, only few of them sustain, and remaining, fail! So what exactly are some of the things that you should keep in mind about your problem, before you think of starting up! Not all are necessary, but multiple are recommended.
Maybe that isn't a lol, right? Yes it isn't. But what if I say that you are your own kidnapper.
yes, we are all our own kidnappers. We have kidnapped ourselves from the life we actually want. For lame excuses such as, 'maybe that isn't stable or safe.' or 'I didn't think there was a better option'. You tell yourself that boy, this is a good job! even though you feel like it is not. Your gut has 200 million neurons there equivalent to a dog's or cat's brain. It knows something you don't.
❤️ Brainstash Inc.