Advertising
Advertising

5 Start-up Entrepreneurs Share Their Recipe To Success

5 Start-up Entrepreneurs Share Their Recipe To Success

In today’s world, successful entrepreneurs have become real Rock stars. Their companies and products reflect their unique personalities and their ‘from 0 to 1’ stories encourage other people to leave their comfort zone and start their own movements. They often appear on the cover of magazines, are interviewed regularly by the media, and have thousands of social media followers around the world. While none of them followed the same path, all these successful startup founders share some common traits that set them apart from the rest and helped them achieve their goals. Here you have some of the key ingredients of their homemade recipe:

1. Nick d’Aloisio: Learn through trial-and-error

LE WEB PARIS 2013 - CONFERENCES - PLENARY 1 - NICK D'ALOISIO - FOUNDER OF SUMMLY

    “I think some entrepreneurs focus too much on the idea, but not enough on the planned implementation. There are so many resources available online that the primary goal of someone wanting to succeed should be to teach themselves all of the necessary skills e.g. programming, business development, design, marketing etc. Be fearless and don’t be afraid of failure. There is no better way to learn than through trial-and-error.”

    Advertising

    2. Evan Spiegel: Find something you aren’t willing to sell

    9711063763_9b0ebcddc2_o

      “I am now convinced that the fastest way to figure out if you are doing something truly important to you is to have someone offer you a bunch of money to part with it. The best thing is that, whether you decide to take the money or not, you’ll learn a lot about yourself in the process. If you sell, you will know immediately that it wasn’t the right dream anyways. And if you don’t sell you’re probably onto something. Maybe you have the beginning of something meaningful […] Find something you aren’t willing to sell.”

      USC Marshall Undergraduate Commencement

      3. Brian Wong: Ask a stranger for advice

      Advertising

      5520499733_33435567f0_o

        “Don’t hard sell anyone, especially when first reaching out. Ease into the conversation with a relaxed and friendly tone, maintaining an openness about your intentions. The other person will come up with their own ideas on how they want to work with you and get excited about the prospects.

        At the end of the day, the worst-case scenario is you learn something new. So go ahead – ask a stranger for advice.”

        How a Cold Email Can Land You Funding

        4. Ben Chestnut: Stay

        Advertising

        2679510834_6fd8d689f2_o

          “It’s hard. And just when you think it can’t get any worse, it does. There’ll be times when it just keeps getting worse and worse and worse. Meanwhile, everyone else around you is getting better and happier and richer. You’ll feel like the only one who hasn’t figured it out yet. You’re sinking, your life sucks, and your business isn’t going anywhere. Oh yeah, and you’re not getting any younger, either. And just when you think about finally throwing in the towel, and saying “f* all this!” that right there is the test that all founders are eventually faced with: when things get too hard, you decide to stay, or you decide to quit. My advice is this: Before you decide, look at all those great, successful businesses that inspired you to start your own. They stayed.”

          DoesWhat interview

          5. Caterina Fake: Make time less precious

          Caterina Fake

            “Make time less precious. We are way too efficient, making use of every hour, every minute. When you were a kid, didn’t you just spend hours poking sticks in the mud, climbing trees and sitting in them, looking at shells and seaweed that washed up on the shoreline? Time was not precious then, we weren’t trying to stuff an accomplishment into every minute every day, we had time for thoughts and feelings. That was good! Any day spent that way was a day of joy and order. There was so much time.”

            Advertising

            Featured photo credit: TechCrunch via flickr.com

            More by this author

            You Will Never Be Ready. Do It Anyway! Tough times? Great leaders! 5 Start-up Entrepreneurs Share Their Recipe To Success

            Trending in Entrepreneur

            1 13 Characteristics of Highly Successful Entrepreneurs 2 How to Start Working for Yourself and Become Your Own Boss 3 Top 5 Easy-to-Use Accounting Software for Small Businesses 4 10 Best Success Books You Need to Read to Be Great at Business 5 16 Young And Successful Entrepreneurs Who Prove That Age Is Nothing but a Number

            Read Next

            Advertising
            Advertising
            Advertising

            Last Updated on March 29, 2021

            5 Types of Horrible Bosses and How to Beat Them All

            5 Types of Horrible Bosses and How to Beat Them All

            When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

            What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

            The Dream Type Of Manager

            My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

            I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

            My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

            Advertising

            “Okay…”

            That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

            I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

            The Complete Catalogue of Bad Managers

            The Bully

            My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

            However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

            Advertising

            The Invisible Boss

            This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

            It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

            The Micro Manager

            The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

            Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

            The Over Promoted Boss

            The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

            Advertising

            You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

            The Credit Stealer

            The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

            Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

            3 Essential Ways to Work (Cope) with Bad Managers

            Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

            1. Keep evidence

            Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

            Advertising

            Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

            Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

            2. Hold regular meetings

            Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

            3. Stand your ground, but be ready to jump…

            Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

            However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

            Good luck!

            Read Next