Enjoy every startup challenge with as much gusto as you will have when reaching your final goal. Here's why.
When early market analysis is neglected, initial assumptions about customer behavior, product adoption, and value offering, typically fall short of expectations once the product is in the hands of customers.
From the Anatomy of a Start-Up: Emotions Edition Series Once a start-up gets past the hurdles of raising funding, hiring initial employees, iterating on early product versions and incorporating user feedback — the team is finally ready to acquire their first paying customers. Securing first paying customers can often take much longer than originally anticipated which
Once the imaginary friend phase is taking shape among the initial team, and the skill of telling the business story continues to improve, the attention usually turns to the realization that the venture is going to take resources and funding. That's where friends and family first comes in.
Immediately following the “visions of grandeur” phase, which helps founders overcome the inertia required to commit and proceed with the start-up adventure, the focus will usually shift from convincing themselves about the business viability to convincing others.
From the Anatomy of a Start-Up: Emotions Edition Series The first stage in any start-up experience is what I call “Visions of Grandeur,” and it’s undoubtedly one of the most exciting phases in the journey.
I often equate launching a start-up with the military tag line: “It’s not a job, it’s an adventure.”