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Things I Learned While In Rising Stars: #1. Focus on customer data and delight..not on competition #2. Before you scale...run the startup like a small business
by terencestrong23 12y ago
Things I Learned While In Rising Stars:
#1. Focus on customer data and delight..not on competition
#2. Before you scale...run the startup like a small business not a side project
#3. Test, Iterate, Repeat
#4. Unit economics are king
#5. Everybody has to hustle (i.e..do whatever it takes to get something done..i.e sales and execution)
#6. Action trumps pontification
#7. Team culture and mutual respect is the foundation for success. Great teams are like cults!
#8. Put together processes, standards and systems for everything (values, hiring, firing, expectations, roles, sales, etc.) and ensure everyone is accountable to those standards
#9. If you are overly stressed it’s because something is wrong with the timing, idea or team. Don't stress, just fix it
#10. Success comes from your peers helping you out. Find a knowledge sharing group of like minded founders, preferably in the same vertical and join it
#11. To build a startup, you must self realize (let go of fear, doubt, ego, shame, identity) and double down on your personal power
#12. It's all about sales...everyone founder has to be willing to learn how to SELL (leverage relationships, PR, market, brand, bring on partners, etc.)
#13Differentiation comes from the heart not a textbook