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How to start a successful business
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5 Key Practices to Take Control of Your Psychology
- Get it out of your head and onto paper; writing is the best way to calm your “monkey mind“. Writing forces you to stress test the clarity of thinking.
- Share your worries with trusted friends from outside the company, especially if they have experience with WFIO moments in their startups. Don’t make all decisions by yourself.
- Create victory psychology for your team: It is about getting all of the most innovative people in the same room to work with the angle of the problem
- Focus on the path through the obstacles instead of obstacles themselves
- Face the pain head-on
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MORE IDEAS ON THIS
If you are building a sufficiently ambitious startup with an intended massive impact, you will have WFIO moments.
MIKE MAPLES
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25 reads
It’s Rarely as Bad as It Seems
WFIO moments feel like dying, but your startup can always move forward. With ingenuity and grit, you will find a way out of it.
Ben Horowitz’s WFIO moment: In September 1999, Horowitz co-founded LoudcloudAfter the dot-com bubble, the company ran out of money in 2002
No private investo...
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13 reads
Your Startup Will Face Multiple WFIO Moments…COUNT ON IT
WFIO – “We’re f*cked it’s over”
There are many ways this can happen:
- A legal ruling goes against you
- Apple refuses to approve your application unless you remove your best feature
- Big tech company launches the same as or substantially similar product
- Your ...
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26 reads
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5. How To Increase Your Self-Awareness
- Practice Mindfulness- Mindfulness is simply the practice of observing what is going on in your mind, body, and environment with focus, clarity, and, importantly, acceptance of what is happening.
- Write things down- The simple act of organizing your t...
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