Leading A Successful Startup

by Bright Osadiaye, posted in Health & Well-Being, Improve Academy, Leadership, Management, Personal Development, Workplace Learning
Photo by RDNE Stock project on Pexels.com

‘Startup leaders aren’t necessarily paid for moving fast and breaking things … but they are expected to experiment and iterate to drive success.’

‘You don’t have to be fully ready to go for it.’

‘You have to nail the job that you were paid to do first, before you highlight anything else you’ve done above-and-beyond.’

‘If you don’t do what you’re paid to do exceptionally well, it’s hard to make the case that you’ll be more successful once promoted.’

‘If you ask questions upfront, you can hopefully avoid finding yourself in the middle of a messy founder drama.’

‘You need to align with your colleagues enough to want to put in a lot of time together tackling challenges.’

‘You can mitigate your risk coming in the early by asking for a contractual agreement around ‘true-upping’ your cash to market rates at key revenue or fundraising milestones.’

‘Try to make the leaps manageable and within your comfort zone to set yourself up for maximum success.’

‘You need to understand markets and business areas that impact your startup, not only your particular role.’

‘If you are interested in growing into an executive role, think about how you can learn other areas of your function that you may not have owned previously.’

Source

Sarah E. Brown (2022) Lead Upwards: How Startup Joiners Can Impact New Ventures, Build Amazing Careers, and Inspire Great Teams

‘No-Nonsense Lessons On What It Takes To Build A Successful Business’

by Bright Osadiaye, posted in Health & Well-Being, Improve Academy, Leadership, Management, Personal Development, Workplace Learning
Photo by Anna Tarazevich on Pexels.com

‘What makes a good entrepreneur? Are they born or made?’

‘Entrepreneurs constantly question and challenge business scenarios and always look for a way to make things work better or introduce a new product or service.’

‘Not all entrepreneurs run their own businesses. Are you, or could you be, an entrepreneurial employee?’

‘The most important thing when planning your business should be the accuracy of your facts and statistics. Don’t let passion cloud your judgment.’

‘Understanding every aspect of your business is of paramount importance when talking to lenders and investors.’

‘Choosing the correct business structure from the outset will save you money and taxes and may protect you from legal issues down the road.’

‘If you don’t have enough seed money to begin the process of starting your own company, find a creative way to raise it.’

‘Be willing to invest your own money and assets in your business before asking lenders and investors to risk their money.’

‘Prepare a professional presentation when approaching potential investors.’

‘Never take for granted that your financial statements are correct. People make mistakes, so they can be wrong. Have someone you trust, a good financial person, look after your financials.’

‘Overconfidence in your product or service can be dangerous.’

Source

Tom Golisano (2020). Built, Not Born: A Self-Made Billionaire’s No-Nonsense Guide for Entrepreneurs