While launching is an startup achievement by itself, keeping it afloat is a different story altogether. Many things can go wrong in the course of running a startup. Even if your products and services are a hit, other factors can still cause your company to fail.
There are many sacrifices that founders make when creating and building startups. Some are obvious, like time and money, but others are more difficult to see before they actually happen. Chief among these founder sacrifices - relationships. The time and energy invested in startups can eat away at personal relationships in an insidious way. Founders need to do what they can to try and maintain their important relationships and try to balance them with the effort required to make the startup successful.
The Hollywood version of startups often involves some divine inspiration by the company founders. It’s usually a flash of brilliance and recognition that becomes the basis for their entrepreneurial venture. But, it’s not always that way and, in fact, we’d
When advising new founding teams, entertaining an investment in new startups, and even talking with entrepreneurs about our book, The Startup Playbook, the concept of achieving work-life balance comes up frequently. Almost always, what the founders mean by balance is
While we’ve been discussing characteristics and habits of founders, we would be remiss to not discuss introverts versus extroverts. The typical founder / CEO is usually portrayed as external, loud, brash, and aggressive. That’s a stereotype we’ve come to know