What’s The Best Entrepreneurial Advice You’ve Ever Gotten?
Thats right, we did it again. As a blog highly focused on the topic of Entrepreneurship, we thought it would be both fun and educational for up and coming founders to learn about how others ‘made it.’
Which we why we decided to do an interview series asking a handful of founders the following question: What’s The Best Entrepreneurial Advice You’ve Ever Gotten?
lets see what the founders had to say when we asked them this question:
Evgeny Predein from Apiumhub.com
Each co-founder should be responsible for an area, this means that each co-founder should have a different profile. Yin and yang, maker and seller, dreamer and pragmatist, call it what you want, but one of the most important things is to have different profiles. You don’t have all the skills to run the company successfully, but you do need a complementary set of skills to do so.
Another important point is to have a shared vision & shared values; on the short and on the long term. When co-founders share the same vision and have common objectives, they lead the team to a common goal and transmit the same culture they want to create in the company.
Commitment. This one is highly important. I strongly believe that part time co-founders – doesn’t work! Each co-founder should be involved in a project, 100%.
Trust and confidence are essential, you need to be sure that you can rely on your co-founders, irresponsible people should not even be an option.
Govind Rai from Crazy Media Design
The best advice I’ve was ever given was the importance of SOPs (Standard Operating Procedures). It was truly game changing.
Any organization in any field has to start implementing SOPs. To put it mildly if you are looking for consistency and efficiency from your staff it is a no-brainer.
It will help you clearly identify what are the steps involved and the talent required to execute the required tasks.
Based on the SOPs you can identify the processes you can automate to eliminate human error.
What is even better, is that I have find their is a considerable cost savings as well. When staff members know exactly what is expected of them and how to perform their desired work, it often makes their workflow much faster.
– Govind Rai Owner & Founder of Crazy Media Design
Andriy Haydash from Andriy.space
I think one of the best pieces of advice that I’ve heard was to focus on problems that exist in the world and try to solve them.
It’s quite the opposite of what most people think and hear which is that you have to have good and unique ideas and implement them.
The power of this approach is that it gives you a better chance to succeed because you’re actually combating a certain problem rather than guessing if what you’re building is necessary.
That’s how I tend to look at things these days if I want to come up with a new offer.
I start by asking myself “how can I solve THIS problem”.
-Andriy Haydash Founder of Andriy.space
Lorenzo Gutierrez from Lorenzo Gutierrez Digital Marketing
The best piece of advice that I have ever gotten would be to get proficient at one skill before moving on to something else. I used to always want to try everything for a little bit before moving on to another skill, which would mean that I was only subpar at a variety of skills.
I was told that if I took the time to master one skill first, then I would be far better off. For instance, you should wait until you are good at PPC to start selling PPC services. Being only subpar at something that you plan on using to make money not only lets yourself down but also lets down your clients as well.
You want to make sure that you know what you are talking about, knowing the ins and outs of something in many different ways before you decide that you are going to start making money off of it. And then, when you are done with that, start mastering the next skill. Maybe SEO services, or other writing services.
You want to make sure that you spend a lot of time learning about and practicing these skills and even using them yourself. You don’t want to be stuck when you are working on something for a client. They put their money and their website success into your hands, and now you have the responsibility to make sure you see through to that.
Practice does not make perfect, but it will definitely pay off in the end.
-Lorenzo Gutierrez Founder of LorenzoGutierrez.net
Justin Lubomirsky from Titan SEO Group
To give yourself more time as you bootstrap, consider finding part-time work (consulting, teaching a skill you have, or just working less than 40 hrs at your day job) so that you can pay the bills and buy yourself permission to keep experimenting.
Be yourself. Life is too short to maintain a fake work personality and a different personal life personality. You need to be an authentic person.
Empower people around you. As you build a team, try not to make too many decisions. Remove yourself as a bottleneck from decision making and execution as early as possible. Instead, let the people closest to the problem make the decisions. That means the people at the edges of the org, or even better, people outside your organization like your customers or vendors should be calling the shots more often than you.
The founders’ primary job is to drive culture. You have to make sure that the team understands the mission, why the problem your solving matters, and has the resources to go and do its job. A great culture is one where people are truly engaged, so they are getting more out of their work than they put in, and empowered to make decisions and execute with minimal blockers and loads of support from the organization. Founders should spend way more time on setting that tone than on making decisions. Those who fail to let go will stall out as the company scales beyond what any one person could possibly know.
You want to feel confident in your own hard-earned skills, but most importantly you need to have confidence in yourself that you’ll be able to figure challenges out along the way. If you have a one-track mind, determination and focus you can accomplish more than you know. There is a principle that 10,000 hours of study and deliberate practice are needed to go from not knowing anything about a subject to becoming a world-class expert in any field. This is 100% true.
Rod Wills from SEOCycle.com.au
As a business operator, you need to understand you can’t be all things to all people. As such, you need to identify your niche – where you fit in the greater tapestry of the market.
Identifying your niche will incorporate everything from understanding where your skillset lies to who your target customer is, what solution you can provide to fill their unmet need, and what your unique value proposition is. Finding your niche means identifying your passion and interests, the problems you can solve, understanding your competition, and testing your idea to prove that it works.
Only when you find and understand your niche can you go on confidently to develop your brand and your business.
– Rod Wills – Founder SEO Cycle.