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[VIDEO] 3 things to avoid as a new startup

by Karina Reyes

1 minute read

    It’s going to happen. Mistakes will inevitably be made in those first few months as a startup. It takes a while when starting anything new to learn what you should be doing and what you shouldn’t. 

    That’s why it’s always wise to let others do that for you, then heed their advice.

    Daniel Ek is co-founder and CEO of Spotify, as well as a Swedish entrepreneur and technologist. In this week’s video, he offers the top three insights he wish he had known as a newcomer to the startup scene:

    1. Don’t say yes to everything. As Ek says, be obsessed with a couple of things. Throw yourself fully into these. It’s common for entrepreneurs to take on too much, and thus drown and mitigate their efforts. Don’t be guilty of this.
    2. Hire fast, fire fast. It seems counterintuitive, but you need to make sure the team you are working with is on the same page with you, growing at the same rate you are. If not, decisions have to made quickly and decisively if your company is going to survive.
    3. Don’t overpromise. If you aren’t ready to release or add new features, don’t make promises that you will! Nothing will lose your company credibility faster than overpromising.

     

    Watch the full video below to get the full scoop!

     

    Karina Reyes

    Karina Reyes

    Karina completed both her Bachelor of Arts in Studio art and Bachelor of Arts in English Writing & Rhetoric from St. Edward's University in Austin, Texas. She then went on to enroll in Houston Baptist University's Master's in Secondary Curriculum & Instruction program, where she earned her Texas Teacher's certification for English 9-12. Her role as an editor for a weekly newspaper, and six years of experience as a teacher combine to give her a thorough knowledge of curriculum, course development and best practices in content mastery.

     
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