I got fired from that job not long after. But here’s the ironic thing: At that time, I was also quietly developing a company with my husband. It was called Brooklinen, and it would offer beautiful bedding at a decent price, direct to consumer. Losing my job lit a fire under my butt and put a chip on my shoulder. I could have just gotten a safe, stable job, but I decided to go all in on Brooklinen and prove that supervisor wrong.
Good startup founders have an uncanny ability to suspend disbelief when it comes to future of their own startups. They’re always in sales mode — to themselves, their friends and family, their investors, and the world in general. While this makes sense in general there is one moment when you need to share the worst case scenario — hiring. Before you hire civilians (i.e. people looking for jobs/careers) you need to give them the harsh realities of the startup world. You need to tell them that fewer than 1% of startups ever raise venture capital and of those who do more than 90% fail. Your endeavor will almost certainly fail. Employees who don’t understand this reality will be perpetually unhappy when they hear rumors about the state of the company.
Here are three ways to ensure that you know what your different departments are doing, and the challenges these employees face.
As an entrepreneur, you probably feel as though you’re responsible for a million different aspects of your business. It’s your vision after all: You created it. Who else could possibly be better suited than you to make sure different areas are running smoothly?
Am I an expert? Nope. I’ve learned a thing or two though about leadership from my experience and by being surrounded by incredible leaders.
People think leadership is only for certain types of people or that you have to have experience. Worse yet, that you have to do it as part of your day job. All of this is nothing but labels and outdated concepts. Anyone can be a leader including you amigo.
Having a side hustle can be a great way to pursue a passion and make some extra money, but if you’re already short on time it can feel like an overwhelming proposition. Luckily it doesn’t take a lot of time to launch and run a side business. In fact, Chris Guillebeau, author of Side Hustle: From Idea to Income in 27 Days, says it takes less than a month to get going.
Brian Chesky (Founder of AirBnB), Ryan Hoover (Founder of Product Hunt) and Sean Rad (Founder of Tinder) all being non-technical founders built some of the most successful tech startups.
But how did they succeed? Read through this interview to know:
First time entrepreneurs Leah and Bea Koch raised $91,187 to start the only exclusively romance novel bookstore in the United States.
It is never too early or too late to pursue an idea whose time has come. Leah and Bea Koch understand better than anyone, that if you see a gap and want to fill it, you should not be afraid to take the leap.
Start small and think big. Don’t boil the ocean — try a pot of water first. Some entrepreneurs are great at communicating a big vision for their startup, while others are good at finding a place to start. But, the best — and most successful — entrepreneurs are those who are able to strike an exquisite balance between that big vision — Version 5.0, if you will — and a high-traction starting point, or Version 1.0.
While young founders have all the poise and promise needed to start a company, there are some experiences and information you simply cannot replace with hustle. First-time founders often have to spend a great deal of time overcoming their naivety, as they overestimate their likelihood of success while underestimating the amount of work ahead of them.
Here are five lessons I’ve learned from building my own company at 18, including what you should avoid doing as a young entrepreneur:
Photo by Clark Tibbs on Unsplash
I founded a startup.
Fast forward to 2017. I am still baby faced — although I currently try to wear some trendy facial hair to no avail — but so much is different.
I am battle hardened. I have dealt with failures and successes. I have expanded my skillset, abilities and knowledge. I am far more mature and experienced. And far more certain and confident about what lies ahead.
“Founding a startup has changed me. Completely, totally and forever. And it will change you too.”