Learn more about entrepreneurship with this collection
How to start a successful business
How to build a strong team
How to market your business
Good ideas are often not quite intuitive. The outcomes of startups are hard to predict. There's a tremendous amount of luck involved. An idea might have something to it, but it's not obvious.
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MORE IDEAS ON THIS
Startup ideas are rarely lightbulb moments. It's more like having an idea of something you could do that nobody else has done before, and it's probably a bad idea.
Or, the idea seems way implausible, but you want to see what happens, for example, the beginning of Facebook.
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400 reads
The hardest part of being a sole founder is morale.
When you start out, there are a million reasons why what you're doing isn't going to work. When you're a sole founder, there's no one to keep you going when things are going badly and no one to cheer you up.
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If you don't pay attention to users, you will make up some idea in your head that you will call your vision, and then you will spend time thinking about your vision by yourself and build some elaborate thing without talking to users.
You are better off finding someone with a problem that th...
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The risk of launching early is not so great as the risk of launching late.
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Advise for startups are often counintuitive and not obvious. For example:
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Find someone you trust, and then find someone they trust. In other words, take recommendations from people. When you hire via the web, don't hire too fast.
Paul Graham picked Robert Morris as a cofounder because he was his co-conspirator. Robert was an exceptional programmer. He could progr...
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Other curated ideas on this topic:
Mediocre people need not be completely original. Some of the world's most successful ideas weren't exactly original. They were combinations of two or more old ideas, that clicked due to effort, persistence, timing, and luck. Try to push an idea even if it's not exactly gold.
Why haven’t leaders addressed the obvious problem of proximity bias?
Any reasonable external observer could predict the issues arising from differences in time spent in the office. Unfortunately, leaders often fail to see the clear threat in front of their noses.
You might have hear...
Marketing expert Theodore Levitt published an essay in 1963, 'Creativity is not enough.' Levitt stated that creativity might be a source of new ideas, but it is not ideal for good business outcomes. There is no short supply of new ideas.
Creativity is having a new idea, while inno...
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