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12 Helpful Tips That Startups Should Know

12 Helpful Tips That Startups Should Know

The world has been built upon ideas and people willing to risk everything to see an end to it. There is no such thing as a “safe job” today. However, while the idea of having one’s own company is exciting, there are several other faculties that startups should have to be successful in this highly competitive world. No wonder, there would be challenges but the real success lies in being rightly prepared for the eventualities. Throughout the ages, there have been several startups trying to make a mark in the market but most of them end up getting bankrupt or giving up to the continued challenges. Here are 12 important tips that every startup should know.

1. Startups should have a strict purpose

Startups should have a definite purpose of their presence. They should not deal with several things all at once. A singular goal for the brand helps streamline their ideas and investment in the right places. The business can grow and diversify once you have made a mark but initially, every startup should be planning for a singular goal.

2. Startups should work fast and hard

Startups should work hard and reach the first goals as soon as possible. It doesn’t take long for ideas to leak and there is ample chance that somebody else with the resources will be willing to work upon and build his business upon yours. Don’t give your competitors a chance to overtake your ideas. Plan beforehand and start delivering as soon as you are good to go.

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3. Startups should not hesitate to fire

Startups should not be the place to show compassion. If someone in the team is not delivering and incapable of fulfilling his/her responsibilities, don’t hesitate to find a replacement. Of course, you give new people a strict time period to get acquainted with the company but they should be showing their contributions in numbers soon. For any startups, their team plays a very important role behind success or failure. You should accordingly build your team that can understand your ideas and can execute it.

4. Startups should charge flat fees

Startups should opt for flat project payments rather than overall project payments. Divide the project into accountable chunks of deliverables and make sure you are paid for what you have been doing. This way, you will not lose upon the entire payment if the client doesn’t seem to like the final output. Work upon ideas, make sure that the client is willing to follow, and handle every process so taht they pay for every step taken towards the goal.

5. Startups should get paid upfront

Startups should be relying more on advances to take up a project. In the initial days, workload will be less and you will be able to devote all your time to the present project. If a client refuses to pay an advance for a project, simply refuse to work for them.

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6. Startups should not go for bulk work and cheap clients

Startups should be setting a high standard from the first project itself. Don’t get attracted to bulk and cheap project that guarantees a long term payment but doesn’t do justice to the hard work you put into it. Clients will get unrealistic in their demands and seek discounts, especially when they realize you are new to the industry. However, it is best to have a strict pricing strategy and show that you deserve to be paid like the best in the business.

7. Startups should learn the products

Startups should be working on lean products initially rather than taking up extensive projects with an unpredictable delivery time. You can always add on to your product at later stages, but focus on the core in the initial days. Therein lay the quality and the credit. Anyone with the right tools can do the decorations. Rotimatic is one of the best example of such startup which is growing steadily and are well respected from their audiences.

8. Startups should have constant communication between employees

There should be thorough and fast communication between each member of the team. Every member should know what others are up to and this makes it easier to work towards a common goal. Depending on your area of expertise and industry, you should also be looking to use your space more wisely and strategically to entertain the maximum number of clients and work out on maximized production/service. You should also keep motivating your employees as it is very much important for startups that their employees are motivated to take new challenges.

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9. Startups should have an experience to drives ideas

Startups should be looking up to experienced professionals to take their idea forward and in the right directions. Seasoned players from the industry are a huge addition to any startup. Once you start getting experience, you will keep learning from it and can help you at long term bases. Let’s take an example of eCommerce vendor; I found that many vendors do manual research and spend lot of time in just comparing the price of their product with competitors. Just think, how much you are spending on this simple research work? If it is a senior executive, the simple price comparison work may cost you in thousands of dollars. You can easily get this job done using price comparison solutions like datacrops at very reasonable cost and in very efficient manner. Once you face such problems, you will start finding the solution based on your previous experience.

10. Startups should separate the duties

Startups should have a definite business structure. The executive who is looking into client queries shouldn’t also be the one working upon the accounts. There are hundreds of tools available in market to help you manage the projects and users efficiently. One of my favorite project manage tool is Trello, a free project management tool that can reduce your headache to manage multiple projects.

11. Startups should save money for eventualities

Startups shouldn’t be risking everything following a dream. In case your idea and business place doesn’t work out, you should have enough in the bank to take you forward in life. All ideas do not get success and failure is not end of this world. You should keep yourself prepared for any outcome of your startup. You should be ready to face failure too.

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12. Startups should maintain the discipline with co-workers

Startups should not be a place to make company or find your love. You should be having strict professional relationships in the workplace, whatever product or service you might be working upon. This is the only way you can keep everyone on their toes and willing to give their best. Work culture has a huge impact on overall output and it is very important for startups to maintain discipline with co-workers.

Conclusion:

The journey of an entrepreneur is just like an adventure, you should be ready to do lot of hard work. Sometimes you will face strange challenges and may think to quit but your self confidence and these important tips will help you find the best possible way towards your success.

Featured photo credit: Robert Scoble via flic.kr

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Last Updated on October 16, 2019

How to Bounce Back Gracefully After Getting Fired

How to Bounce Back Gracefully After Getting Fired

Whether you saw it coming or not, getting fired is a real shock and its impact is daunting. What did you do wrong? What are you supposed to do next? When will you stop feeling so angry?

But there are ways to deal with a layoff.

The most important thing is to remain calm and see it as an opportunity to reflect, change and improve. This is a great time to consider what happened, look again at your needs and desires and start afresh on a stronger, more constructive basis.

Let’s take a look at how you can bounce back gracefully after getting fired.

1. Deal with the Shock of Getting Fired

To lose your job is to lose your identity as a worker and as a person. Debbie Mandel, author of Addicted to Stress, states that 7 out of 10 of us define ourselves by our job titles, since work is where we spend the majority of our time and energy.

Being laid off affronts your sense of self-worth—it implies that you simply are not good enough. It’s no wonder you feel confused and emotional.

The first thing, then, is to take some time to digest what happened and deal with the overflow of sensations. People who quickly recover from the pain of a job loss tend to do two things very well:

First, they accept their feelings of sadness, anger, fear and shame as a part of the natural healing process.

Second, they do their complaining to a friend.

Never call out your boss in the office or on social media. It’s a bad form to speak ill of the company you work for. Stay stylish, and your employer will speak better of you when you need a reference.

2. Stay Away from the Drama Queens

Mass layoffs are, unfortunately, very common. If this is your situation, then you may be surrounded by a lot of angry people, ruminating and lamenting their fate.

“It’s not fair!” they say. “After everything we did for this company! We don’t deserve this!”

You’ve lost your job and that’s tough. But please resist the urge to join in the negativity. Positivity is by far the most important attitude to apply right now. If staying upbeat means you have to limit your exposure to the Negative Nellies, then that’s what you have to do.

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Remember, life is not harder for you than it is for other people on this planet. You live in a democracy, you have freedom of choice and you enjoy a certain material abundance.

Stay positive and focus on what’s going well in your life and the exciting future opportunities available to you. Getting fired is only a temporary setback.

Staying positing could be challenging in a difficult situation, so these tips can help:

10 Questions To Ask Yourself To Stay Positive When Facing Difficulties

3. Take a Break and Let the Dust Settle

Instead of running straight into another job that may not be the right one either, take a short break to recover from the job loss. You need a week or two to de-stress and meditate on the next step.

Be attentive to your need for self-care during this interlude. Everything goes so fast these days that we often do not stop to think or give ourselves the permission to do a little mourning.

Getting fired is a big shock: you need time to refocus and take stock of the new reality. Do not make things harder for yourself!

What you need is to pause a while and do some self reflection:

How Self-Reflection Gives You a Happier and More Successful Life

4. Be Anchored in the Present

Since you no longer have a hold on the past, but have not yet designed your future, try to build yourself up with the present. What do we mean by that?

We mean that right now is the only time you have any control over. Focus on that instead of losing yourself in memories or reliving the awful day you got fired over and over in your head.

Get up at 7 a.m. each day, whatever happens. The body needs rhythm and habits. You will feel much more energized if you keep a consistent routine. Maintain a healthy lifestyle, revisit your budget, play sports, volunteer. Take care of the practical stuff like claiming unemployment. Enjoy the small pleasures of everyday life.

When you’re busy, there’s no room for the inner critic to raise up and derail you. Keep active, and you will gain more of the precious energy you need so much to move forward.

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Try these things to help you live in the moment:

34 Ways To Live in the Moment And Grow in the Moment

5. Understand the “Why”

There are lots of reasons why people are fired. Sometimes the mistake is yours and it’s embarrassing to admit you backed yourself into this corner.

Other times, it’s not your fault. Businesses change direction all the time—maybe yours is going through a major transition or merger and your job is disappearing.

Either way, to give the situation some closure, you need to understand why you were dismissed. What slipped? What could you have done differently? Was your boss really out to get you or did you do something to put your job in jeopardy?

Be honest with yourself. It’s not easy to admit that you might have dropped the ball but it’s the only way to turn the situation into a learning experience. Ask yourself:

What skills do you need to improve?

Is there training you can access, or learning you can do?

In the end, did this job suit you that much? Were you happy there?

Reflecting on these questions can help you put things into perspective. What lessons can you learn to avoid reproducing the same pattern in your next job?

6. Find out If You Were the Right Fit

Hiring decisions ultimately come down to personality. You can study for an interview all you like, but every candidate who is chosen for interview has the right credentials for the job.

The final decision comes down to personality. Who does the recruiter like the best? Who is a better fit for the company culture? That’s the person who strikes it lucky.

Firing decisions are based on personality, too. Slacking off, insubordination and playing fast and loose with the company rules—these are the official reasons why people are getting fired.

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But all of these reasons boil down to one thing: personality. Specifically, they signal a personality clash between an employee and a manager, or an employee’s fit with the company’s culture.

Here’s an example:

Suppose you were fired for “not being a team player.” Some people, namely introverts, lose energy when they are surrounded by other people and gain energy when they are on their own. Forcing an introvert to continuously work on a busy, noisy team without any solitary rest periods means the job is a mission impossible. This employee will never perform at her best.

Or how about the time the Kansas City Star newspaper fired Walt Disney for a perceived lack of imagination? Talk about a clash of personalities![1]

Getting fired can be a signal to turn inward and do some self-reflection so you can better understand your personality and how it might fit in with corporate culture.

In particular, personality assessments based on Isabel Briggs Myers’ sixteen personality types can help you to understand your own work style and how you can find a job and workplace that better match who you truly are.

In many cases, it is totally liberating to realize that all the crap you had to deal with was just down to a clash of work styles and not something you did wrong!

7. Rediscover Your Strengths and Talents

A personality test can also give you clear insights into your strengths, weaknesses, motivations and work potential. Do you have leadership abilities? How do you communicate and manage conflict? What benefits do you add to an organization?

Identifying your working style should be your top priority right now, otherwise you risk accepting a new position that has all the same problems as before. The last thing you want is to reproduce the same old dramas the next time around.

When you become aware of your potential, you will have the confidence to search and find the type of work you love.

For example, getting fired from your banking job may have knocked you sideways. But you have some stellar home decorating skills, and a personality test shows that you are curious, flexible, rational and resilient—all the traits of successful entrepreneurs. Maybe this dismissal is an opportunity to launch the business you’ve always dreamed of but never dared to admit to yourself?

By considering all your special skills and talents, you increase your chances of finding a job you would really enjoy, and not just the one you can do.

8. Get the Word Out

At this point, you should be ready to take action and move forward with your job search. Let’s not sugarcoat the situation: getting a new job is tough. It helps to have a clear idea of the direction you want to go in, a list of all your crossover skills and a freshly polished resume.

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Look around for inspiration. Talk to recruiters in your sector to establish what they consider to be your most valuable skills. Use all the resources at your disposal: job search agencies, headhunters, work coaches, careers websites and so on. These resources can help you match your qualifications to the job requirements and ensure you have the right keywords on your resume.

Don’t hold back on marshaling your networks. Put friends and family to work to pop up leads, and don’t be afraid to ask for referrals. Sometimes the simple act of getting the word out to the people who know you is the surest way to find work fast.

9. Anticipate Questions and Know How to Answer Them

Even if it wasn’t your fault, getting fired can hurt you if you don’t know how to explain why you were let go. You have to be honest here and tell recruiters the truth. Even if a would-be employer does not specifically ask why you left your previous job, it is better to clarify the situation upfront before it comes out in your references.

The best approach is to take your share of responsibility and show that you want to go forward and that you understand the lesson.

For example, suppose you got fired for asking the difficult questions that no one wanted to answer and your candidness set people on edge. Acknowledge that some people perceive your communication style as abrupt and explain how you’re taking steps to increase your diplomacy skills.

A recruiter can be seduced by someone who knows how to evolve and who shows a great energy for personal development.

10. Adapt and Persist

Throughout this journey, you inevitably will go through moments of self-doubt and disappointment. There are undulations in every road, and these are the normal steps for regaining self-confidence after getting fired.

Stay tough! Don’t conclude that your future is hopeless just because the dream job doesn’t land straightaway. You open a positive path when you maintain focus. Have the confidence to know that the perfect job for you is out there.

Remember, you are not alone. Many people walked this road and they would urge you to keep the momentum. Stay open-minded and go where the opportunities take you: it will bring you closer to the job you really want.

Coming Out on Top

While getting fired isn’t the ideal situation, it isn’t the end of the world either. Even if feels like a doozy right now, you will get through it and emerge happier on the other side.

Be clear on what you want, have courage and believe in yourself. In the end, you may decide that getting fired was the best thing that ever happened to you. It can be the catalyst for a powerful, career-fulfilling change.

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Featured photo credit: Jesus Kiteque via unsplash.com

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