Reading Time: ~ 3 min.
The week (and April) is moving quickly forward! And it was super-fun to hangout with a handful of new faces last night in our #yenHOURS as we coworked together, talked shop, and built community!
See you tomorrow morning @ 8:00am PST for another #yenWORKING?
- No automation. Not full-time. Chores. Overnight success. CH + Stripe!
- Every biz. Gumroad and creators. EAs? Loki. Could be useful. Casted!
- Wildrift. Bidenomics. Wireflow. Damn bandcamp. Bloo ui kit. DevRel @ Twitter.
- Why. Great teams. VC decks. Thanks FB. Resoume? Nah. Audioverse. Port?
- We deserve our decline. Scale marketplaces. Notion link manager. Xupermask.
- New wallstreet. Elon on decision making. Amazon coins? Blogrolls, really.
- Amazing. Mindset challenge. Sidekick net. Focus. Bye DTC? Simple question.
- Finding voice. Google > Oracle. Brand modeling. TikTok haters. Holdco.
- Notion courses. Image gen. Counter. Backing IRLs. Structure a social network.
- Fucking crazy. Revenge ($$). Nowness. Smarter. Broken discourse. Comgrid.
To infinity & community,
I really enjoyed listening to these two seasoned and experienced leaders talk shop:
Clearly defined wins are vital for startups. But what else is essential? In this episode, Sangram Vajre and I discuss must-haves for a successful startup culture.
I love this:
The first year is about “problem-market fit”; does the market care about the problem? A lot of early products and startups believe that the problem that they need to solve doesn’t change. But, you have to start here.Sangram Vajre
You have to build a product that solves a problem, answers a question, or resolves a tension. The mission isn’t to try to convince the world (or the market) that they need your product! The “convincing” isn’t — and shouldn’t be — the prime focus.
A few more takeaways (via a great handout) below.
High-Level, Key Takeaways:
- The Magic Triangle – the categories every entrepreneur should focus on:
- Mission – what you believe in no matter what happens
- People – hiring the right people to drive performance
- Culture – defining the win at every level of the organization to create a game-changing winning culture that your people will feel
- How leaders create a winning culture that values people and accomplishes the mission:
- See the whole picture. It’s a mistake to think about winning using only sales or growth metrics.
- Define the win based on the activities that keep your business moving forward. This will help employees at all levels see and feel how they contribute to the win.
- Think beyond sales or growth metrics alone. This sets your organization up for exponential growth and casts a longer-term vision for success.
- The mission of your business isn’t to convince everyone they need your product or service. It’s to create a product that answers a question, solves a problem, or resolves a tension for your customer.
- Threats to maintaining a healthy culture come from the tension of balancing the two primary revenue sources-raising capital and sales.
- The first year of a startup must be focused on problem-market fit. Does your market care about the problem that your product solves?
- Retention is the new acquisition. Customer retention is achieved when you have a deeper attachment to the problem you solve than your product.
- An integral part of personal success as you take on a new venture is protecting your important relationships.
- Evaluate your opportunity in light of the sacrifices each partner will make to achieve your goals.
- Build community within your family, team, and your organization by defining the win:
- Attach the win to a timeline. Clearly define your goals and set expectations by pinning the goals to specific dates.
- Your commitments to your community will help motivate you to achieve your goals.
- Community helps build resilience and helps you stand against the odds as an entrepreneur.
- You will be a stronger, more successful leader when you keep your primary partnership at home your highest priority.
You can get a