Are you planning to launch your own startup? As an experienced entrepreneur, I have learned some valuable lessons along the way that I wish I knew before diving into the world of startups. In this blog post, I will share three gold nuggets that can help you navigate the challenging but rewarding world of startups.
Lesson 1: Experience Trumps Academics
No academic course or degree can prepare you for the real-life experience of starting and running a business. In my case, my first job in graphic design taught me more than any university course could. Watching a senior illustrator and trying again and again helped me gain the skills I needed to create designs that were eventually printed in an airline magazine. Therefore, focus on gaining experience by working with senior colleagues or through internships, rather than relying solely on academic qualifications.
Lesson 2: Passion Over Money
While money is essential to run a business, it should not be your sole motivation for starting a startup. The reality of startup life is that you may need to compromise, and financial rewards may not come immediately. Therefore, it is essential to find a venture that aligns with your values and passion. You want to wake up every Monday excited to work towards your startup goals, and if your motivation is purely financial, then you might be setting yourself up for disappointment.
Lesson 3: Embrace the Learning Curve
The startup world is fast-paced, and it can be easy to forget to eat, get bored, or feel overwhelmed. However, these moments offer valuable opportunities for growth and development. For example, my experience taught me to be efficient with my time, automate processes, and delegate tasks as I grew into the space. The reward of pushing yourself outside your comfort zone and embracing the learning curve is unparalleled.
Starting a business is not an easy task. It requires dedication, hard work, and a willingness to learn and adapt. By keeping these three lessons in mind, you can increase your chances of success and build a startup that aligns with your values and passions.