mistakes to avoid for a first time entrepreneur
TRANSCRIPT
DIFFICULTIES FACED WHILE BUILDING A STARTUP
STARTUPSARE HARD,LIKE REALLY HARD
-3 DIFFICULTIES I FACED- 1. Cofounder Conflict 2. Burnout 3. Depression
-THE COFOUNDER-
CONFLICT
founder(s) (n) - The person or people who agree to quit their jobs after initially conceiving and brainstorming an idea.
CHOOSE YOUR PARTNER WISELY
-QUALITIES- 1.COMPATIBILITY
YOU FIGHT...
...BUT YOU STILL LIVE TOGETHER
-QUALITIES- 1. COMPATIBILITY 2. SKILL SET
YOU BOTH CAN’T BE SAME
Good
A little friction is good
Bad
A lot of friction is bad
-QUALITIES- 1. COMPATIBILITY 2. SKILL SET 3. FLEXIBILITY
FLEXIBILITY IS THE WINNING CHARACTERISTIC
-QUALITIES- 1. COMPATIBILITY 2. SKILL SET 3. FLEXIBILITY 4. VISION
THE VISION MUST BE COHERENT
THE VISION MUST BE COHERENT
YOU
YOUR COFOUNDER
WORK - LIFEBALANCE
-BURNOUT-
STARTUP
PERSONAL LIFE
STARTUP
PERSONAL LIFE
= BURNOUTNOT SUCCESS
99% Entrepreneurs
will burnout and fail miserably
- Steve Blank
MANAGE TIME
-BURNOUT LEADS TO-DEPRESSION
-DEPRESSION LEADS TO-FAILURE
-MITIGATE DEPRESSION- SLEEP WELL
-MITIGATE DEPRESSION- SHARE EMOTIONS
-MITIGATE DEPRESSION- HAVE FUN
-LET’S SUMMARIZE- 1. Choose cofounders wisely 2. Manage your time wisely 3. Have a life outside startup
ENJOY THE RIDE
Connect with me:
Knowledgemaps.org (startup)
@arjun_tuli (twitter)
arjun.tuli1 (facebook)
THANK YOU!