💡 Why Founders Shouldn’t Think Like VCs
💻 In the world of startups, founders often find themselves at a crossroads, torn between following their instincts and seeking validation from others, particularly venture capitalists (VCs). However, there are compelling reasons why founders should resist the temptation to think like VCs, as outlined in the following points derived from the provided text:
➡️ Expertise over conformity: Founders possess unique insights and expertise in their domains that may diverge from mainstream opinions. By trusting their judgment, they pursue innovative solutions with potential for success.
➡️ Long-term vision vs. short-term gains: Founders prioritize creating sustainable value over rapid returns, aiming for enduring businesses.
💻 In the world of startups, founders often find themselves at a crossroads, torn between following their instincts and seeking validation from others, particularly venture capitalists (VCs). However, there are compelling reasons why founders should resist the temptation to think like VCs, as outlined in the following points derived from the provided text:
➡️ Expertise over conformity: Founders possess unique insights and expertise in their domains that may diverge from mainstream opinions. By trusting their judgment, they pursue innovative solutions with potential for success.
➡️ Long-term vision vs. short-term gains: Founders prioritize creating sustainable value over rapid returns, aiming for enduring businesses.
In essence, founders should trust their expertise and vision, charting their path to success fueled by innovation and commitment to customer value.
❤2
10 Lessons from the book
The Introvert Entrepreneur
Amplify Your Strengths and Create Success on Your Own Terms by Beth Buelow:
1. Embrace your introverted strengths: Introverts often possess valuable qualities like deep focus, strong listening skills, and independent thinking. Leverage these strengths to build a successful business on your own terms.
2. Don't force yourself to be an extrovert: Networking events and large gatherings can be draining for introverts. Focus on building meaningful connections with a smaller group of people and prioritize quality interactions over quantity.
3. Create a work environment that supports you: Design your workspace to be conducive to focus and productivity. This may involve minimizing distractions, setting clear boundaries, and prioritizing solitude when needed.
4. Use technology to your advantage: Online tools and platforms can be powerful allies for introverts. Utilize them to connect with clients, market your business, and automate tasks that drain your energy.
5. Develop a strong online presence: Build a website or blog that showcases your expertise and allows potential clients to learn about you on their own time. Utilize social media strategically to connect with your target audience.
6. Master the art of written communication: Hone your writing skills to effectively communicate your ideas and value proposition in proposals, emails, and marketing materials.
7. Find your niche: Identify a specific market or target audience where your unique skills and strengths can shine. This allows you to focus your efforts and build a loyal following.
8. Collaborate with complementary personalities: Partner with extroverts or others who can complement your weaknesses and help you with networking, sales, or public speaking.
9. Delegate and outsource tasks that drain your energy: Don't be afraid to delegate tasks that don't align with your strengths or that exhaust you. This frees up your time and energy for activities that truly bring you joy and fulfillment.
10. Celebrate your introversion: Don't view your introversion as a limitation but as a unique asset. Embrace your natural talents and work style to create a successful business that feels authentic and fulfilling to you.
Remember, introverts can be highly successful entrepreneurs. By understanding your strengths and working in ways that align with your personality, you can build a business that thrives on your own terms.
The Introvert Entrepreneur
Amplify Your Strengths and Create Success on Your Own Terms by Beth Buelow:
1. Embrace your introverted strengths: Introverts often possess valuable qualities like deep focus, strong listening skills, and independent thinking. Leverage these strengths to build a successful business on your own terms.
2. Don't force yourself to be an extrovert: Networking events and large gatherings can be draining for introverts. Focus on building meaningful connections with a smaller group of people and prioritize quality interactions over quantity.
3. Create a work environment that supports you: Design your workspace to be conducive to focus and productivity. This may involve minimizing distractions, setting clear boundaries, and prioritizing solitude when needed.
4. Use technology to your advantage: Online tools and platforms can be powerful allies for introverts. Utilize them to connect with clients, market your business, and automate tasks that drain your energy.
5. Develop a strong online presence: Build a website or blog that showcases your expertise and allows potential clients to learn about you on their own time. Utilize social media strategically to connect with your target audience.
6. Master the art of written communication: Hone your writing skills to effectively communicate your ideas and value proposition in proposals, emails, and marketing materials.
7. Find your niche: Identify a specific market or target audience where your unique skills and strengths can shine. This allows you to focus your efforts and build a loyal following.
8. Collaborate with complementary personalities: Partner with extroverts or others who can complement your weaknesses and help you with networking, sales, or public speaking.
9. Delegate and outsource tasks that drain your energy: Don't be afraid to delegate tasks that don't align with your strengths or that exhaust you. This frees up your time and energy for activities that truly bring you joy and fulfillment.
10. Celebrate your introversion: Don't view your introversion as a limitation but as a unique asset. Embrace your natural talents and work style to create a successful business that feels authentic and fulfilling to you.
Remember, introverts can be highly successful entrepreneurs. By understanding your strengths and working in ways that align with your personality, you can build a business that thrives on your own terms.
👍5❤2
Essential Business vocabulary on launching a business, along with their meanings:
1. Startup: new venture, emerging company, fledgling business
2. Business Plan: strategic plan, business proposal, business strategy
3. Market Research: market analysis, consumer research, market survey
4. Branding: brand development, brand identity creation, brand positioning
5. Funding: financing, capital raising, investment
6. Prototype: model, mock-up, sample
7. Target Market: ????!!
1. Startup: new venture, emerging company, fledgling business
2. Business Plan: strategic plan, business proposal, business strategy
3. Market Research: market analysis, consumer research, market survey
4. Branding: brand development, brand identity creation, brand positioning
5. Funding: financing, capital raising, investment
6. Prototype: model, mock-up, sample
7. Target Market: ????!!
👍5❤2
The Most Innovative Companies in 2023 :
1. 🇺🇸 Apple
2. 🇺🇸 Tesla
3. 🇺🇸 Amazon
4. 🇺🇸 Alphabet
5. 🇺🇸 Microsoft
6. 🇺🇸 Moderna
7. 🇰🇷 Samsung
8. 🇨🇳 Huawei
9. 🇨🇳 BYD Company
10. 🇩🇪 Siemens
11. 🇺🇸 Pfizer
12. 🇺🇸 Johnson & Johnson
13. 🇺🇸 SpaceX
14. 🇺🇸 Nvidia
15. 🇺🇸 ExxonMobil
16. 🇺🇸 Meta
17. 🇺🇸 Nike
18. 🇺🇸 IBM
19. 🇺🇸 3M
20. 🇮🇳 Tata Group
21. 🇨🇭 Roche
22. 🇺🇸 Oracle
23. 🇩🇪 BioNTech
24. 🇬🇧 Shell
25. 🇫🇷 Schneider Electric
26. 🇺🇸 P&G
27. 🇨🇭 Nestlé
1. 🇺🇸 Apple
2. 🇺🇸 Tesla
3. 🇺🇸 Amazon
4. 🇺🇸 Alphabet
5. 🇺🇸 Microsoft
6. 🇺🇸 Moderna
7. 🇰🇷 Samsung
8. 🇨🇳 Huawei
9. 🇨🇳 BYD Company
10. 🇩🇪 Siemens
11. 🇺🇸 Pfizer
12. 🇺🇸 Johnson & Johnson
13. 🇺🇸 SpaceX
14. 🇺🇸 Nvidia
15. 🇺🇸 ExxonMobil
16. 🇺🇸 Meta
17. 🇺🇸 Nike
18. 🇺🇸 IBM
19. 🇺🇸 3M
20. 🇮🇳 Tata Group
21. 🇨🇭 Roche
22. 🇺🇸 Oracle
23. 🇩🇪 BioNTech
24. 🇬🇧 Shell
25. 🇫🇷 Schneider Electric
26. 🇺🇸 P&G
27. 🇨🇭 Nestlé
👍7💩5
💡 Building a Better Mobile App for Your Startup
✔️ First and foremost, always prioritize the user experience. Understand the context in which your app will be used—whether users are on the move, multitasking, or in a specific environment.
✔️ Simplicity is key. Avoid overwhelming your users with too many features or cluttered interfaces.
✔️ Pay close attention to usability. Ensure that interactive elements are large enough for easy tapping, and provide clear visual cues for actions.
✔️ Test, test, and test again. Get your app into the hands of real users as early as possible. Observe how they interact with your app, and take note of any areas where they stumble or become confused.
✔️ Lastly, remember that design is an iterative process. Be open to making adjustments and refinements based on user feedback and usage data. A well-designed app is not just aesthetically pleasing but also highly functional, intuitive, and tailored to meet the needs of its users.
✔️ First and foremost, always prioritize the user experience. Understand the context in which your app will be used—whether users are on the move, multitasking, or in a specific environment.
✔️ Simplicity is key. Avoid overwhelming your users with too many features or cluttered interfaces.
✔️ Pay close attention to usability. Ensure that interactive elements are large enough for easy tapping, and provide clear visual cues for actions.
✔️ Test, test, and test again. Get your app into the hands of real users as early as possible. Observe how they interact with your app, and take note of any areas where they stumble or become confused.
✔️ Lastly, remember that design is an iterative process. Be open to making adjustments and refinements based on user feedback and usage data. A well-designed app is not just aesthetically pleasing but also highly functional, intuitive, and tailored to meet the needs of its users.
👍2
💡 Surviving the Fundraising Gauntlet: Maintaining Focus and Conviction
Raising capital is often an arduous journey paved with awkward investor meetings and disappointments. However, it’s crucial for entrepreneurs to maintain perspective and conviction in their ventures throughout this process.
✔️ Investors are not infallible experts on one’s business—the founders themselves are the true subject matter authorities. A great investor should respectfully challenge assumptions and offer valuable insights, but never forcefully impose decisions that contradict the company’s core vision.
✔️ Avoid the temptation of trying to impress investors or reshaping pitches based solely on their transient feedback. Stay faithful to solving a genuine problem that customers demonstrably want solved. Fundraising is a means to an end, not the end goal itself.
✔️ Brace for rejection and criticism during fundraising rounds. The most devastating investor meetings plant seeds of doubt about the very reasons for starting the company. Prepare mentally for setbacks, and don’t derive validation exclusively from investor reactions.
❗️ Simultaneously, maintain professionalism and respect investors’ time. Arrive prepared, be punctual, and uphold decorum. The investor meeting is a two-way interview to evaluate mutual fit.
✔️ Surround yourself with trusted advisors who can provide balanced perspectives when you risk getting caught up in fundraising pressures. They can help avoid pitfalls like drastically altering products based on isolated feedback or desperate cash-crunch fundraising antics.
Savvy entrepreneurs can deftly navigate the fundraising game while staying laser-focused on building something customers genuinely need. Don’t let the rollercoaster of investor meetings derail you from your core value creation mission.
#StartupAdvice
Raising capital is often an arduous journey paved with awkward investor meetings and disappointments. However, it’s crucial for entrepreneurs to maintain perspective and conviction in their ventures throughout this process.
✔️ Investors are not infallible experts on one’s business—the founders themselves are the true subject matter authorities. A great investor should respectfully challenge assumptions and offer valuable insights, but never forcefully impose decisions that contradict the company’s core vision.
✔️ Avoid the temptation of trying to impress investors or reshaping pitches based solely on their transient feedback. Stay faithful to solving a genuine problem that customers demonstrably want solved. Fundraising is a means to an end, not the end goal itself.
✔️ Brace for rejection and criticism during fundraising rounds. The most devastating investor meetings plant seeds of doubt about the very reasons for starting the company. Prepare mentally for setbacks, and don’t derive validation exclusively from investor reactions.
❗️ Simultaneously, maintain professionalism and respect investors’ time. Arrive prepared, be punctual, and uphold decorum. The investor meeting is a two-way interview to evaluate mutual fit.
✔️ Surround yourself with trusted advisors who can provide balanced perspectives when you risk getting caught up in fundraising pressures. They can help avoid pitfalls like drastically altering products based on isolated feedback or desperate cash-crunch fundraising antics.
Savvy entrepreneurs can deftly navigate the fundraising game while staying laser-focused on building something customers genuinely need. Don’t let the rollercoaster of investor meetings derail you from your core value creation mission.
#StartupAdvice
👍4❤1
How to check the idea?
I want to try a new business idea, I'll write about it later. I had faced with a problem, I must test the idea. I read more about it. Did you know that a staggering 42% of new product launches fail due to inadequate understanding of the competitive landscape?
Understanding the current size, estimated at $X billion, and anticipated growth trajectory is fundamental for gauging potential demand. It's important, because if you open a small business, You have to understand the development perspective. Maybe your product will be useless in the future.60% of new product launches result in failure. Thorough market research can help mitigate risks by identifying potential pitfalls and allowing you to course-correct before it's too late.
Have you ever done marketing research?🔍
I want to try a new business idea, I'll write about it later. I had faced with a problem, I must test the idea. I read more about it. Did you know that a staggering 42% of new product launches fail due to inadequate understanding of the competitive landscape?
Understanding the current size, estimated at $X billion, and anticipated growth trajectory is fundamental for gauging potential demand. It's important, because if you open a small business, You have to understand the development perspective. Maybe your product will be useless in the future.60% of new product launches result in failure. Thorough market research can help mitigate risks by identifying potential pitfalls and allowing you to course-correct before it's too late.
Have you ever done marketing research?🔍
❤2
Building a business is about:
- Owning your life.
- Finding fulfilment.
- Having time freedom.
- Building relationships.
- Pursuing your truest passions.
- Spending more time with family.
- Spending more time with friends.
Not about status or buying fancy things.
- Owning your life.
- Finding fulfilment.
- Having time freedom.
- Building relationships.
- Pursuing your truest passions.
- Spending more time with family.
- Spending more time with friends.
Not about status or buying fancy things.
👍1
If you're dating a 10, STAY QUIET.
If you're learning a skill, STAY QUIET.
If you're hitting the gym, STAY QUIET.
If you're building a business, STAY QUIET.
KEEP YOUR PERSONAL LIFE PRIVATE.
If you're learning a skill, STAY QUIET.
If you're hitting the gym, STAY QUIET.
If you're building a business, STAY QUIET.
KEEP YOUR PERSONAL LIFE PRIVATE.
🔥18
14 Success Formulas You Should Know:
1. Hard work + Consistency = Success
2. Goals + Action = Success
3. Willpower + Discipline = Success
4. Creativity + Passion = Success
5. Failure + Learning = Success
6. Learning + Growth = Success
7. Knowledge + Experience = Success
8. Effort + Sacrifice = Success
9. Health + Wellness = Success
10. Optimism + Positivity = Success
11. Risk + Reward = Success
12. Dreams + determination = success
13. Opportunity + preparation = success
14. Planning + execution = success.
1. Hard work + Consistency = Success
2. Goals + Action = Success
3. Willpower + Discipline = Success
4. Creativity + Passion = Success
5. Failure + Learning = Success
6. Learning + Growth = Success
7. Knowledge + Experience = Success
8. Effort + Sacrifice = Success
9. Health + Wellness = Success
10. Optimism + Positivity = Success
11. Risk + Reward = Success
12. Dreams + determination = success
13. Opportunity + preparation = success
14. Planning + execution = success.
👍7❤4🙏1
7 Key Tips for Developing Strategic Thinking
1 . Understand that interactions in life and business can often be thought of as a game.
2. Study the environment and the expectations of other players.
3 . Don't focus on maximizing your benefits.
4 . Consider the game as a sequence of moves and analyze possible scenarios.
5 . Be flexible and ready to change strategy.
6 . Feel free to use bluff and deception tactics.
7 . Apply the principles of game theory not only in business, but also in everyday life
1 . Understand that interactions in life and business can often be thought of as a game.
2. Study the environment and the expectations of other players.
3 . Don't focus on maximizing your benefits.
4 . Consider the game as a sequence of moves and analyze possible scenarios.
5 . Be flexible and ready to change strategy.
6 . Feel free to use bluff and deception tactics.
7 . Apply the principles of game theory not only in business, but also in everyday life
❤1
6 Things You Gain By Embracing Failure and Learning From MistakesAre you going to look at failure as the end, or are you going to take what didn't work as a lesson and do better? It all depends on your attitude.
1. Failure is a valuable learning experience
When you fail, you have the opportunity to learn from your mistakes and figure out what went wrong. This has been something I've learned to embrace.
Having this knowledge can help you make better decisions in the future and avoid making the same mistakes again.
The more you fail, the more you learn, and the better equipped you become to deal with challenges in the future.
When you fail, you have the opportunity to learn from your mistakes and figure out what went wrong. This has been something I've learned to embrace.
Having this knowledge can help you make better decisions in the future and avoid making the same mistakes again.
The more you fail, the more you learn, and the better equipped you become to deal with challenges in the future.
👍4
2. Failure builds resilience
Entrepreneurship is a tough and challenging journey, and failure is a natural part of it. When you learn to embrace failure and bounce back from it, you build resilience and mental toughness, which are great qualities for success in any field. Without failure, you may not discover new opportunities or breakthroughs.
Entrepreneurship is a tough and challenging journey, and failure is a natural part of it. When you learn to embrace failure and bounce back from it, you build resilience and mental toughness, which are great qualities for success in any field. Without failure, you may not discover new opportunities or breakthroughs.
❤1👍1
3. Failure helps you take calculated risks
If you're not willing to take risks, you'll never be able to achieve anything great. However, taking risks means that you may fail from time to time. Learning to embrace failure and learn from your mistakes will help you take calculated risks and make better decisions.
If you're not willing to take risks, you'll never be able to achieve anything great. However, taking risks means that you may fail from time to time. Learning to embrace failure and learn from your mistakes will help you take calculated risks and make better decisions.