What was your most important lesson during your first year as a small business owner?
20 Hard Lessons I Learned as a Young Startup Founder
During my early years as a young startup founder, I was able to learn some very hard lessons:
- No one cares about your corporate experience.
- Take the plunge sooner rather than later.
- Don’t Take Forever to Launch.
- Embrace failure.
- Brand consistency is beyond relevant to success.
- Never underestimate the significance of a professional network.
- Don’t Be Shy About Explaining Your Brainchild.
- Push yourself outside of your comfort zone.
- Stay loyal to the people who helped get you where you are.
- Finance Like a Start-up, Spend Like a Start-up.
- Keep a One-Track Mind.
- Our connections make a big difference.
- Small businesses actually spend little time on Differentiation.
- Working from home rarely works.
- It is crucial to develop a growth plan.
- Small Business has its own language.
- Strengthen your communication skills.
- Many, if not most small business owners, do not write a business plan.
- Be kinder to yourself.
- Cash is king.
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