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Welbe • 1d
𝗔𝗱𝘃𝗶𝗰𝗲 𝘁𝗼 𝘆𝗼𝘂𝗻𝗴 𝗲𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀 -𝟰 1.Choose your field very carefully - there must be a huge' (large is not good enough) market and potential. If you don't have personal expertise in this field, get a team of domain experts locked-in, preferably as partners or co-founders. 2. Plan your funding very carefully - ideally raise as little cash as possible in the pre-revenue stage as you end up diluting too much equity. Try raising the first round from angel investors as it is most time-efficient and typically you will get the best terms. However, for later rounds, never risk starving your company of cash; this has killed many good companies! 3. It's all about people hire the best folks in the business. Don't hesitate to hire people better than yourself in that specific area. Colleagues who challenge and make you feel uncomfortable are your best friends and the 'yes men' are your worst enemies! 4. Make friends at work and promote an honest and open working atmosphere. Ensure everyone has fun at work. People tend to give their best when they are enjoying their work. 5. Don't focus too much on exits (especially not too early in the game). Concentrate on building a solid business, the rest will take care of itself! 𝘿𝙚𝙚𝙥 𝙠𝙖𝙡𝙧𝙖 / 𝙈𝙖𝙠𝙚 𝙢𝙮 𝙩𝙧𝙞𝙥
Building on regular ... • 1y
How often as a startup you hire a freelancer? In US I have seen even big enough company's executive ceos hire freelancers. Whats your concerns about not hiring one? I am a freelancer doing mobile and web work contact me on Twitter: Twitter: Orcu
See MoreHey I am on Medial • 1y
Photographers for hire! We can build an app where different type of photographers and videographers will be available for customers and we can add their portfolios in our app too! And we can suggest our customers the best of them! How's the idea to s
See MoreInvestment Lead at M... • 26d
Part 2 - Hitting the other cash killer Our previous polls revealed the two main cash-killing criminals lurking in your startup... We have already targeted the first killer - "Hiring Too Fast" Time to boil the other one. Founders, Assemble! (2/2) W
See MoreProduct Manager • 1y
You are a company which wants dashboards but can not hire an analyst due to lack of money. You found a platform where you just connect your data, and choose what kind of dashboard you want. AI figures out the best metrics as well as the best dashboa
See MoreBuilding WelBe| Entr... • 3m
The A-Z Survival Guide to Entrepreneurship! C – Cash Flow Profitability sounds great, but if you run out of cash, your business dies—no matter how good your idea is. I learned the hard way that revenue doesn’t equal survival. Managing cash flow is
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