Connect with us

Startups

Looking for Startup Success? The Best Advice From 5 Successful Startup Founders

Published

on

startup advice

Being a startup founder is hard, don’t make it any harder on yourself. You can learn from those who already have a successful startup and follow in their footsteps. Why fail when you can learn from someone else who has already failed? There are numerous startups that fail each year and I don’t want to see yours become another statistic.

The founders mentioned in this article are tried and tested. They have built their own successful startups each in unique ways. There’s never going to be one set way in which you can start your company.

Each founder has a different piece of advice to give you on how they achieved success. If you follow even one of the tips mentioned below, you’re giving your startup a greater chance to succeed.

Here is the best piece of advice from 5 different startup founders:

1. Effort is the ultimate equalizer

Dominic Pratt is the founder of eMINDSCLUB, a startup that’s hoping to pair you with the next Mark Zuckerberg by connecting you with entrepreneurs all around the world. Dominic learned that as a startup founder and in life – effort is the ultimate equalizer. He went on to say that society is idea rich and effort poor. Too many of us want the success but aren’t putting in the required grind to get it. It can be challenging he admits, but at the end of the day what is the alternative?

It can be lonely as an entrepreneur because so few of us get it and there has never really been a support group in place for entrepreneurs. Our friends and family want us to conform to their realities, but reality is a matter of perspective. He reminds us that it doesn’t make you a bad person for wanting more for yourself.

As an entrepreneur, you will feel resentment from your friends and family. Don’t allow this to get to you. At the end of the day, you only have yourself, do what makes you happy and what will allow you to succeed. Never take advice someone you wouldn’t be willing to trade places with.

“It is never too late to be what you might have been.” – George Eliot

2. Become comfortable with the unkown

Aaron O’Hearn is co-founder of the Startup Institute, a startup that offers courses, and programs that help give people skills, the mindset, and the opportunity to network and build a career they love.

The best piece of advice Aaron could give is to become comfortable with unknown. As an entrepreneur, study all you want but you need to put yourself out there. You can learn from the past but you also need to learn from applying what you’ve learned. The worst thing you can do is attain knowledge and let it go to waste.

You can let the unknown hold you back entirely. Don’t let this be you. Almost everyone who has become successful had to start from somewhere. They were just like us but the difference between them and you is that they took action despite being uncomfortable.

The problem is if you become too comfortable, you’ll think you have it made and lose your edge. Learn to become comfortable with unknown and always be willing to push yourself past your fears.

3. Place a financial wager on yourself

Nathan Chan is the founder of Foundr, a startup that has a highly regarded magazine and app that teaches entrepreneurs how to grow and build their business.

The best of advice Nathan could give a startup founder would be to place a financial wager on yourself. What he means by this is when he first started his company, it required a software that he put on his card for $2,000. This was neither money he had or money he could spend. It put his back against the wall. He had no other option than to succeed.

Depending on the entrepreneur you are, go all in. There are different periods when you can do just that. If you’re twenty-three, then by all means go all in but if you’re forty-five with a family, I’d recommend putting money in your business that forces you to become uncomfortable without putting your entire retirement fund in.

As an entrepreneur, you should thrive when your back is against the wall. Stress can be good when it forces you to put in work for your business. What can you do today that will put your back against a wall and force you to put work into your business?

4. Remember, you’re the one calling the shots

Brent Grima is the founder of EverTrue, a startup that works with schools and colleges to help automate their fundraising efforts. The advice Brent gave was to remember that it’s your company and at the end of the day, you’re the one calling the shots. You can speak to mentors and trusted advisers, but if it feels wrong in your gut, then don’t do it. No one is forcing you to make a decision you don’t want to make.

Sometimes when you’re trying to start a company, you take advice from others but often that advice can become conflicting. People will tell you different price points for your service or different ways to market your service. There’s not enough time to try every single price point or marketing service, pick the price or strategy you believe will give your business the greatest chance to succeed.  This is your company, make the decision that best suits you.

“The only way to do great work is to love what you do.” – Steve Jobs 

5. Hire remote employees

Sam Bruce is the co-founder at Much Better Adventures, a startup that helps you book adventurous vacations. When Sam was building his company, he realized the importance of hiring remote employees. You no longer need an office space to connect with your employees. If your employee is full-time, you can do a Skype call with them once per week to make sure they’re doing their work.

When you hire remote employees, you may save money rather than if you had an employee coming into an office. With the money you have save by hiring remote, you can reinvest back into your company. Embrace the nature that you can hire anyone from around the world to work on your company.

Being a startup founder isn’t easy. Don’t make it harder on yourself by not following the above advice.

Share with us below, what advice you would give to someone looking to get into the startup world!

Trevor Oldham is a 19-year-old entrepreneur who’s had eleutheromania ever since he can remember. When he’s not working or studying, you can catch him by the ocean taking photos of the world in which surrounds us. Trevor is the co-founder of Become The Lion and founder of Trevor James Products.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Startups

How to Protect Your Startup From the Most Common Digital Pitfalls

Online fraud can be devastating for startups that rely on lean marketing budgets to grow

Published

on

Online protection for your startup
Image Credit: Midjourney

Starting up a new business venture is equal parts thrilling and overwhelming. In the initial stages, everything feels like a new challenge; from setting up your systems and processes to defining a brand, to finally getting your first customers.  (more…)

Continue Reading

Startups

The Top Startups You Can’t Miss: Summer 2024 Edition

These companies are important players to keep an eye on in the changing business and technological scene of 2024

Published

on

top startups 2024
Image Credit: Midjourney

The Summer of 2024 has come to light a number of creative businesses that are transforming their respective sectors, as the startup world continues to change quickly. (more…)

Continue Reading

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.

Published

on

building a startup team
Image Credit: Midjourney

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…)

Continue Reading

Startups

15 Business Lessons From Napoleon’s Playbook

Published

on

Business Lessons and strategies from Napoleon Bonaparte for Entrepreneurs and CEO's
Image Credit | Joel Brown

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.

Continue Reading

Trending