Startups
12 Things I Learned in 12 Months of Working on My Startup
A few weeks ago I launched my startup. It took exactly 12 months from the initial idea until the moment I saw my app in the App Store. And these were some of the most challenging, fun and exciting 12 months of my whole life.
Before we dive deeper, a quick disclaimer. My startup it’s not a “standard” startup – I bootstrapped, I formed an LLC and not a corporation, and I don’t plan to sell it in a few years.
I have 15 years of experience working in a global technology and consulting company. So the good news is that I was familiar with the engineering side of things. The bad news, though, is that I had no idea about any other aspect of starting a business. So I had to learn it all (and I still am!)
Below I have tried to summarize some of the most important lessons that I wish someone had told me a year ago. Enjoy!
1 – Good ideas need space
I once was listening to an entrepreneurship podcast, and the podcast host said, “95% of my ideas came to me in the sauna.” And I thought to myself, “That is 100% true!” In December of 2020 I felt that I was ready to start my own business. The only problem was – I didn’t know what business I wanted to start.
I spent several weeks thinking about it and trying to come up with a good idea. Nothing was helping. And then I was laying on the tattoo table getting my tattoo done, staring at the ceiling and doing nothing, and this idea, this perfect idea, just popped into my head – and I’m not even kidding.
So next time you are trying to come up with an idea, or make an important decision – go get a tattoo. Joking! But seriously, slowing down and giving your thoughts room to breathe helps. Trust me.
2 – Choosing a brand name is harder than you think
Alright, now you have this awesome idea, let’s pick a name for your future company! Well, for me it definitely appeared to be harder than I thought.
It’s not just finding the name that is catchy, matches your brand and your vision and is not used anywhere yet (which is already pretty hard!). Have you also thought about the domain name? And how about social media accounts? Oh, and by the way, don’t forget the trademark!
I tried to come up with a name for my startup myself and failed, so I hired a professional to do that for me. And it was 100% worth it.
3 – You need a team from the start
It’s so tempting to do everything by yourself, especially if your budget is tight and/or if you are an expert in your area. Because of my technology background, many people asked me (and still do) if I am going to develop the app by myself.
But I knew from the very beginning that my time is much better spent being a visionary rather than an executor. So I found an agency for the design work, and then another one for development. And again, 100% worth it.
4 – Hold on to your vision
When you start, you have a strong vision in your mind. You know exactly what you want to achieve and why it’s important.
Then you begin to take small steps toward transforming your vision into the real product. Every step by itself seems to make sense. However, a few months into the process you might find yourself looking at the half baked product that looks nothing like your initial vision.
The danger here is that every step might in fact be a tiny deviation from your vision, but it’s so small you don’t notice it. However, these steps add up, and at some point deviation becomes noticeable.
In order to avoid this, or at least minimize the impact, make sure you step out from the tactics regularly and take a holistic look at what you are creating. And adjust if necessary.
5 – Pick your partners not just for the talent, but also for maturity
I found this design agency and fell in love with their work, so I hired them. And they really had very professional designers in house. The only problem was that all those designers left the agency within 3 months because the agency founder was treating them (and me, honestly) poorly.
Thankfully, we managed to finish the design, but it’s definitely a lesson learned for me.
6 – Your budget will increase
Whatever you plan for, add at least 25% for contingency. Whatever estimates you receive from your vendors, add 50% (or even 100%!)
It’s probably not what you want to hear, but it’s better to be prepared and to have this buffer ready for when it’s needed (and it will be needed, trust me), than try to urgently find more money while in the middle of the process.
“The value of an idea lies in the using of it.” – Thomas Edison
7 – Talk to your future users
Every interview matters. You don’t have to throw enormous budgets into the user research (absolutely do it if you have it though!), but you at least need to talk to some of those people who will potentially become your customers.
Does your product solve their problem? Do they even have a problem? It’s amazing how many insights you can get by talking to even just a few people.
8 – Cut your MVP. Then cut again
You have pictured this awesome product in your mind. But you go to your vendor, and they tell you that it will take hundreds of thousands of dollars and years of work to get your product out the door. Alright, it’s time to start cutting the scope for MVP (minimal viable product).
It’s not easy, and at first it will seem like every piece is essential. But if you dig deeper, you will find that core that absolutely has to stay there, and then you can cut everything else.
Oh, and by the way, be prepared to go through this process several times.
9 – Pivoting is your best friend
More “good” news for you here. It’s not just about cutting your scope, but also about changing it to reflect the actual people’s needs and the reality we live in. Or sometimes you might simply overlook something!
Remember – having to make changes is not a sign that your product is a failure. In fact, it’s the opposite – it gives your product a much higher chance of success, and it makes you a much smarter founder.
10 – Set your priority wisely
As a startup founder, you will constantly need to be wearing multiple hats. Finance and data privacy laws, product development and testing, marketing and PR, user acquisition and user retention – just to name a few of the things that will keep you up at night.
But remember – your capacity is not unlimited, so focus on one priority at a time. Feel free to switch between them weekly, but don’t try to multitask.
11 – Launch when you are ready, not when you have to
You will have the launch date in mind, and most likely this date will keep slipping. You will feel pressured to launch when you originally planned to launch. But don’t. Take as much time to finalize and test your product as needed.
Remember – you can only make the first impression once!
12 – Launch is just the beginning
If you think that, once you launch, the hardest part is done, think again. You can be creating as many hypophyses as you want, but it’s only when you start receiving real data and real feedback from your costumes, that you can finally prove (or disprove) your theories.
I cannot stress this enough – data is your best friend when it comes to making your startup successful. Spend the time and set up all the analytics tools you need in order to fully understand what’s going on with your business at any point in time. Funnels, conversion rates, retention, not to mention financials, – it might feel overwhelming (and trust me, it is at times!), but it is essential that you have it all figured out and ready to go, otherwise you will be blind. You should even consider choosing a colocation data center for your startup. This facility provides servers, storage and security for your computing hardware.
And it’s really hard to navigate the fun and challenging startup world being blind.
Startups
How to Build Your Dream Tech Startup Team
Are you starting a startup business? Look to build a tech team for your “newborn organization,” and check out this article for useful tips.
Building a tech startup in today’s competitive market is a daunting task. While an innovative software business idea is considered a great foundation for success, it is not a guarantee. Instead, how you build your tech startup team plays a crucial role in determining the ultimate success of a venture. (more…)
Unleash your business potential by harnessing Napoleon’s strategic genius.
From dreaming big and thinking bold to moving fast and staying agile, these time-tested tactics are your blueprint for success.
Learn how creative leadership, detailed planning, and relentless execution can transform your business landscape. Boost morale, lead with clarity, and embrace hard work to conquer your industry.
Don’t just survive—thrive with the power of Napoleon’s lessons.
Here are 15 Powerful Lessons You Can Learn From Napoleon Bonaparte
1. Dream Big, Think Bold
Napoleon wasn’t just playing small; he believed that “Imagination rules the world.” In the business world, boldness and creativity are game-changers. Don’t just aim to fit in—push boundaries and set ambitious goals that make you stand out.
Think of Steve Jobs, who didn’t just want to make computers; he wanted to revolutionize entire industries. Your vision should be so grand it almost feels unreachable. When you dream big, you inspire those around you to believe in the impossible and work together to achieve extraordinary outcomes.
2. Move Fast, Stay Agile
Napoleon’s quick and secretive moves gave him an edge. In business, you gotta be nimble. Adapt quickly, move fast, and you’ll often find yourself ahead of the game, capturing opportunities your competitors miss.
Companies like Amazon and Tesla thrive because they constantly innovate and pivot when needed. Speed is your friend; it allows you to react to market changes and customer demands faster than the competition, ensuring you remain relevant and ahead of the curve.
3. Creative Leadership
Napoleon thrived on chaos and wasn’t afraid to switch things up. Unlike rigid leaders, he was flexible and adaptive. In business, embrace change and let chaos work for you. Being adaptable can turn unpredictable situations into opportunities.
Think of how Netflix transitioned from DVD rentals to a streaming giant. Flexibility and creativity in leadership allow you to navigate through turmoil and emerge stronger, transforming challenges into stepping stones.
4. Organize Like a Pro
Napoleon’s mind was like a supercomputer, processing vast amounts of info to make smart moves. Businesses should do the same—stay organized, use real-time data, and adapt strategies based on fresh insights to keep that competitive edge.
Utilize modern tools like CRM systems, analytics software, and AI to manage information efficiently. Staying organized and informed means you can make better decisions, foresee potential issues, and react promptly.
5. Keep It Simple
Napoleon knew the power of simplicity. Overcomplicating things can bog you down. In business, streamline processes and focus on what truly matters to hit your goals efficiently.
Apple’s product design philosophy under Jobs was about simplicity and user-friendliness.When you remove unnecessary complexity, you reduce errors, speed up processes, and make it easier for your team to focus on what’s important, driving efficiency and effectiveness.
6. Execute Relentlessly
Once Napoleon decided on a course of action, he went all in. In business, once you pick a direction, pursue it with full commitment. Execution is where success is truly made.
Look at how Elon Musk commits to his vision for SpaceX and Tesla. Relentless execution means overcoming obstacles, staying focused on your goals, and not getting distracted by setbacks. It’s the determination and persistence in execution that ultimately leads to triumph.
7. Play to Your Strengths
Napoleon only fought battles he knew he could win. In business, focus on your strengths and avoid head-to-head fights in areas where you’re weak. Know your advantages and leverage them.
Microsoft leverages its strength in software development and cloud services rather than trying to compete directly in hardware. Understanding and maximizing your strengths ensures you play a game you can win, using your unique capabilities to outshine competitors.
8. Plan in Detail
Napoleon planned for every possible scenario. Businesses should do the same—conduct thorough planning and prepare for various outcomes.
Detailed planning helps you stay ready for anything. Scenario planning and SWOT analysis are tools that can help you foresee different futures and prepare accordingly. When you’re prepared for multiple scenarios, you can adapt smoothly and continue to drive forward, no matter what challenges arise.
9. Seize Opportunities
Napoleon saw luck as the ability to capitalize on accidents. In business, be prepared and ready to grab unexpected opportunities. Agility is key.
Companies like Uber and Airbnb seized gaps in the market by being ready to pounce on opportunities when they arose. Always be on the lookout for opportunities, and when they come, don’t hesitate. Preparation and readiness to act quickly can turn unexpected moments into major breakthroughs.
10. Learn from the Past
Napoleon studied the greats who came before him. Entrepreneurs should always be learning from the successes and failures of others. History is full of lessons waiting to be applied.
Warren Buffett is famous for studying businesses and market histories. By learning from the past, you can avoid repeating mistakes, understand what works, and build on proven strategies. Continuous learning from history helps refine your strategies and improve decision-making.
11. Boost Morale
Napoleon knew how to keep his troops motivated. Business leaders should do the same—keep your team inspired and engaged. High morale leads to high productivity.
Companies like Google and Salesforce invest heavily in employee well-being and motivation. When your team feels valued and motivated, they are more productive, innovative, and loyal. High morale fosters a positive work environment where people are excited to contribute and excel.
12. Lead with Clarity
Napoleon believed in the power of a strong, decisive leader. In business, clear direction and strong leadership are crucial. Ensure everyone knows the plan and follows it.
Leaders like Jeff Bezos provide a clear vision and direction, ensuring their teams know what they’re working towards. Clear, decisive leadership aligns your team, fosters trust, and drives coordinated efforts towards achieving your business goals.
13. Reflect on Failures
Napoleon analyzed both his wins and losses. Businesses should review their successes and failures to keep improving. Learn from mistakes to avoid repeating them.
Ray Dalio of Bridgewater Associates emphasizes the importance of learning from failure in his book Principles. By conducting post-mortems, you can understand what went wrong, make necessary adjustments, and continuously refine your strategies to avoid future pitfalls and drive success.
14. Action-Oriented
Napoleon was all about turning thoughts into actions. In business, decisiveness and execution are vital. Don’t just plan—act on those plans with energy and determination.
Entrepreneurs like Richard Branson embody this principle by constantly moving from ideas to actions. Action orientation ensures that you don’t get stuck in analysis paralysis but instead drive forward, making things happen and turning visions into reality.
15. Embrace Hard Work
Napoleon lived and breathed work, saying, “Work is my element; I am born and built for work.”
In business, a strong work ethic and relentless dedication are key to success. Think of how Howard Schultz rebuilt Starbucks through sheer hard work and determination. Embracing hard work means being willing to put in the necessary effort, staying dedicated to your mission, and continuously pushing towards your goals, no matter the challenges.
By implementing these lessons from Napoleon, businesses can sharpen their strategies, strengthen leadership, and execute with precision, driving sustained success.
Startups
How to Manage Your Startup’s Finances More Efficiently
No matter how groundbreaking your product or service, your startup could quickly be on shaky ground without proper financial management
Running a triumphant startup requires juggling numerous responsibilities. From managing operations and coordinating with team members to developing innovative marketing strategies and nurturing relationships with clients, the to-do list seems endless. (more…)
Startups
5 Strategic Power Moves to Successfully Build Your Empire
Transitioning from idea to empire is a journey of strategic planning, execution, and constant evolution
The journey from a fledgling idea to a thriving empire is both exhilarating and daunting. The Startup Launchpad is not just a process but also a strategic framework that enables visionary entrepreneurs to become market leaders. This framework comprises five power moves, each a critical steppingstone in building a successful business.
These moves—Ideation, Business Plan, Online Presence, Strategic Marketing, and Launch and Growth—are the blueprint for turning aspirations into achievements. (more…)
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