How to start a startup? No one plans to devote months and years to a company that burns out and doesn't create a successful product. And still 90% of startups fail.
What do experienced entrepreneurs who have launched successful companies know that the founders of unsuccessful projects do not know about?
It all seems overwhelming at times but here are some top tips to help you build a successful startup.
1.Measure your progress
Often, true love for a job grows when you feel successful. When thinking about the direction of your company, do not focus on the momentary passion, imagine what will give you a sense of satisfaction in the future.
2.Having a leader in the team
Every team that creates a startup from scratch must have a leader. He sets the general rhythm of work, makes strategic decisions and inspires all participants to achieve a successful result.
3.Delegate
Don't be afraid of things you don’t know how to manage, delegate tasks to other team members with stronger competencies. One of the most difficult transitions for leaders to make is the shift from doing to leading.
How to develop the qualities of a leader?
1.The leader sets goals and achieves them
Leadership should not be confused with use of power. The leader helps to develop the best qualities, to achieve goals. He understands people - his team, partners, clients. Leader creates favorable conditions for everyone.
The leader does not lose heart and does not give up in front of difficulties, and there will be a lot of them on the way.
2.The leader is disciplined
Self-discipline is essential. It is important to learn to do not the way he wants, but the way it will be best for the business and the whole team. You will have to sacrifice principles, time, beliefs, and even upbringing. He must be able to listen and learn. This is the very flexibility that allows you to quickly rebuild and open up new ways of development in your business.
3.The leader takes responsibility
Most importantly, a business leader is a person who takes full responsibility for the team's work: for successes and failures, failures and results, who leads the team to success. If a startup leader is not ready to take responsibility and tries to shift it onto partners and the team, such a project is doomed to failure.
4.Humility is a great quality for a true leader
Humble leaders make the best leaders. The more humble is a leader, the less he will be faced with negativity.
A leader can control everything, be responsible for everything, see strategic things and lead the team to these strategic things without being dominative. They lead to transform, they are aware of their strengths and weaknesses and always yearn to learn and contribute more.
If you are a leader, be one, and remember that the success of a startup depends on you taking responsibility for it. In general, this is the basic rule of life.
In your opinion, what qualities should a leader have? Share your opinion in the comments below! If you wanna learn more or know more you can contact my team or you can jump into a one-on-one call with me right now clicking one of the the below buttons.
He uses to dedicate part of his life to inspire others and help them achieve the most out of their lives. Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech. He is Member of Institute of Directors in London, Member of Changer Club in Riga, Member of Fintech Association of Hong Kong, Member of Singapore Fintech Association, Member of Non Executive Director Association in London and Member of Alumni Network of Draper University in San Francisco. He loves travelling, he is a cigars lover, an amateur golfer and a dapper man.
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