I’m still figuring out this whole entrepreneurship thing, but here are some hard-learned lessons that could help anyone trying to launch something new:
Launch Quickly and Cut the Extra Fat
Perfectionism kills more ideas than failure. I’ve seen people waste years building something only to find out no one cared. Focus on launching quickly and stripping down to the essentials. Most of the "features" you think are critical aren’t. Get feedback and then iterate. Oh, and if anyone wants me to review their ideas or projects, I’m happy to help!
Don’t Be Afraid to Quit… But Know When to Push
This one’s tricky. People love saying "never give up," but the truth is, some ideas are just duds. It’s okay to quit when the numbers aren’t there or if you’re burning out without traction. But, don’t give up too early just because it’s hard. There’s a fine line between persistence and stubbornness, and knowing when to pivot is key.
Be Thorough With Developers
When working with developers, always assume that they’ll build exactly what you ask for, no more, no less. If you’re not 100% clear about every detail, you’ll end up wasting time and money on revisions. Communicate like crazy, and don’t assume they can read your mind.
Remember these lessons but try these things now
Good luck, and keep going. Not quitting is how you’ll succeed. A couple of little things that helped me in the beginning were listening to podcasts like My First Million and Business Made Simple, watching YouTube videos (a lot of Alex Hormozi's old stuff)(but not the new stuff), doing FoundrComps, talking to other entrepreneurs, and helping them with their businesses. Being open-minded and always saying "Yes" to trying new things will open doors you didn’t even know existed. Best of luck!
Lessons I wish I had known 5 years ago
byu/PandaAffectionate926 inEntrepreneur
Posted by PandaAffectionate926
5 Comments
Actually good advice, especially the quitting part, not a lot of people understand how important it is to know when to quit and not get in this mindset where quitting is for losers, sometimes shit doesn’t work and no amount of work will hep.
Launching with too many features nearly killed my business so I totally agree – where were you 2y ago lol – cheers
With developers, it is necessary to write a functional design document where you exactly and clearly state with the developer on what you want and how you want it.
And it needs to be way more than “I want a app that makes x possible with AI”
great info 👍
Yes – always start small and see how things are gooing. Then you will be smarter and know how to continue