🎙 Inventive Journey | Real Stories From the Startup Survival Club

Fortune favors the brave. Those who take risks often reap great rewards; those who are courageous are often the most successful. Take a chance in order to get what you want.

Make sure that your finance is in a good spot. When you're trying to start a new company and you are financially stressed you will make really hectic decisions. Get more money than you think you need. If you need 50k to start this get 75k, you can always pay back the loan super fast. Have a plan in place so that strategically you can make confident decisions and invest in the company properly in the very beginning.

Launching is the big deal. So, making sure that there is the hype about what you are going to be offering in terms of service or product for the prelaunch is massive even if you are still a couple of months away, the build-up is really important.

You need to work on your business and not in your business. It's not the "what" it's the "who". It's not what you need to do, it's who can you help to what you need to do. Spend more time working on your business by valuing and educating yourself and the employees instead of just pleasing your customers.

Make sure the "Why" of your business is bigger than yourself. That's what going to motivate you to really get up every day when it's tough and hard and also help you to seek that community to support you. So, make your why bigger than yourself and be willing to pivot.

As a new entrepreneur, there is no such thing as work-life balance. It's working all the time, every day, every week, every month for a number of years and that's just the way it is if you want to be successful. If you want to work 40 hours a week don't be an entrepreneur. If you want 2 weeks of vacation every year and Christmas off don't be an entrepreneur.

The culture of your company is dictated by the first five people you hire so be very careful about the right attitude.

Be prepared to work. There's a lot more work than you realize, it doesn't matter what business you're getting into. So, if you don't like to work or if you're not willing to work, just go work for somebody else. It is a lot less working 9-5 for somebody else than is for an entrepreneur. If you're not willing to put in extra hours it's never gonna work for an entrepreneur.

Things take a lot longer time than you expect. Pati thought that in six months they are gonna have a super cool product in the market, people using it, getting revenue, and signing contracts but in fact, after six months they barely launched an app in which only three things were working. So basically things take time.

Put the customer in the center of your business. Focus on solving a problem for a customer. Focus on the pain of the customer. If you focus on what's keeping them from growing their businesses and doing their jobs every day, you can put those problems at the center of your business and your services then you will be successful because now you're solving the pain.