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I& #39;ve interviewed the founders and co-founders of:
Ethereum
Tripadvisor
Masterclass
Morning Brew
And 150+ more in my podcast.
All of which successfully built multi-million dollar startups.
Here& #39;s the main 16 lessons I& #39;ve
learned from them in less than
3-minutes:
Ethereum
Tripadvisor
Masterclass
Morning Brew
And 150+ more in my podcast.
All of which successfully built multi-million dollar startups.
Here& #39;s the main 16 lessons I& #39;ve
learned from them in less than
3-minutes:
1) Don& #39;t equate luck to success.
Timing will always be a huge benefactor to how successful your company will be.
Timing will always be a huge benefactor to how successful your company will be.
2) The best business idea comes to you when you focus on people& #39;s bad experiences.
3) You gotta love what your business does, what it stands for, and what it intends to solve, because if you& #39;re not running it with love.
You won& #39;t last 2 years.
You won& #39;t last 2 years.
4) You& #39;ll eventually grow out of the "honeymoon phase" when running your business.
Exciting love will be replaced with calm love.
That& #39;s if there was love for your business in the first place.
Exciting love will be replaced with calm love.
That& #39;s if there was love for your business in the first place.
5) Beginners think that having a great idea is enough to guarantee success, it& #39;s not.
Building a business is 80% psychological 20% mechanics.
Make sure your mental health is in order for the psychological battle you& #39;ll face.
Building a business is 80% psychological 20% mechanics.
Make sure your mental health is in order for the psychological battle you& #39;ll face.
6) Focus on the prototype of your product, not your pitch deck.
Your prototype will eventually become your sellable product.
Your prototype will eventually become your sellable product.
7) Start without funding. If you say you can& #39;t start because you lack funding.
It means you& #39;re in love with the idea of being big instead of being useful.
It means you& #39;re in love with the idea of being big instead of being useful.
9) Investors won& #39;t take you seriously if you& #39;re secretive about your ideas.
They know that ideas are cheap and real success comes through hard work.
They know that ideas are cheap and real success comes through hard work.
10) Never fall in love with an idea, fall in love with the process.
Processes are easier to change.
Ideas aren& #39;t.
Processes are easier to change.
Ideas aren& #39;t.
11) Perfectionism is imperfection
It& #39;s never going to be perfect because humans are flawed.
Just launch.
It& #39;s never going to be perfect because humans are flawed.
Just launch.
12) Everything sucks when you start.
Everything will keep sucking with every improvement.
That& #39;s the beauty of running a company, there& #39;s always room for improvement.
Everything will keep sucking with every improvement.
That& #39;s the beauty of running a company, there& #39;s always room for improvement.
13) Hustling doesn& #39;t mean working harder or longer, it means adding, subtracting, focusing, outsourcing, and valuing what matters.
Hustle on the right mechanics of your company.
Hustle on the right mechanics of your company.
14) focusing on the competition is a mistake beginners make.
You should focus on learning from users& #39; experiences because they& #39;re already paying you for your product/service.
You should focus on learning from users& #39; experiences because they& #39;re already paying you for your product/service.
15) You& #39;ve got two hands to do ONE thing. your brain screws with you by saying it can do multiple things at once.
Avoid trying to do too many things and focus on what actually matters.
Avoid trying to do too many things and focus on what actually matters.
16) Share your ideas with people for them to improve on, keeping your ideas secretive is a mistake.
2 brains are better than one.
2 brains are better than one.
And that& #39;s it! If you like this thread, you can bookmark it to save it for later.
Or retweet it.
And if you like what I write, I& #39;ve got more in store for you so feel free to follow me.
Or retweet it.
And if you like what I write, I& #39;ve got more in store for you so feel free to follow me.
P.S when I say lesson, I& #39;m referring to things they& #39;ve said that made me realize all the above.
Also, Don& #39;t forget to check out my Podcast here: 
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