10 Rare Lessons For Entrepreneurs

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‘Nothing extraordinary is ever achieved through ordinary means.’- Tren Griffin

‘A startup is a temporary organization designed to search for a repeatable and scalable business model.’- Steve Blank

A company is a permanent organization designed to execute a repeatable and scalable business model.’-Steve Blank

If you don’t have the right product and you don’t time it right, you are going to fail.’– Bill Campbell

The question is not ‘Can this product be built?’ Instead, the questions are ‘Should this product be built?’ and ‘Can we build a sustainable business around this set of products and services.”’- Eric Ries

‘Every action you take in product development, in marketing, every conversation you have, everything you do- is an experiment. If you can conceptualize your work not as building features, not as launching campaigns, but as running experiments, you can get radically more done with less efforts.’- Eric Ries

‘New customers come from the actions of past customers.’- Eric Ries

You want an idea that not many other people are working on, and it is okay if it doesn’t sound big at first.’- Sam Altman

No growth hack, brilliant marketing idea, or sales team can save you long term if you don’t have a sufficient good product.’- Sam Altman

You will know if you like venture capital well before you know if you are any good at it.’- Sam Anderson

‘In anything worth doing, it takes a team to win.’- John Doerr

Source

Tren Griffin (2017). A Dozen Lessons for Entrepreneurs

Leading A Successful Startup

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‘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