Ready to launch your startup? Here are some essential tips for first-time founders. #startups #entrepreneurship #founders #innovation
Lessons from How First-Time Founders Are Finding Their Way ?? Bring the passion of WHY you want to do this into every meeting, every brainstorm session, every call, every day. You have to truly believe in your idea before anyone else will.? ?? Learn how investors think and how their?side works.?Meet and talk to as many as you can. ?? You don't have to know the industry you're getting into. You just have to learn it. ?? Your can say no to the money. It's okay to bootstrap. Investors change everything. ? Always have redundancy.?You can't rely on just one supplier, vendor, factory.?If their ship goes down, yours does, too. ?? Collect founder intelligence. Network with other founders to learn from their mistakes.?Ask them what dangers to anticipate down the?road. ?? Your job isn't to be right all the time. Move on from your mistakes when (not if) you make them. ??♀? Just start.?Do anything to start because there is never a good time to start.?Order business cards.?Claim your social media handles. Just get moving and get momentum?going. Otherwise fear will paralyze you. ?? Your idea is worth nothing without execution. ?? Your hiring needs will change as your team grows.?A great fit in the early stage might not be the right person for you in the hyper growth stage.?You will need to move from generalists to specialists. ?? Embrace uncertainty. ? Growing too fast carries risk. ?? Be yourself, stay true to yourself, remember your why, just keep going. #FastCompanyInnovationFestival?#FCFestival