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15 Commandments for Startups

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Startups should keep these commandments in mind to succeed. – PowerPoint PPT presentation

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Title: 15 Commandments for Startups


1
Startup Commandments
15
2
You Get What You Work for, Not What You Wish For
1
  • Hard work always wins. In the real world, effort
    trumps talent. Hope is not a strategy. We may not
    outsmart them all, but well certainly outwork
    them.

3
Keep Raising the Bar
2
  • Constant iteration is the key. You get better by
    getting better. Successive approximation beats
    postponed perfection. Theres no finish line-
    ever.

4
Shoot for the Stars
3
  •  
  • Always ask for the best seat in the house. You
    miss 100 of the shots you dont take. If you
    dont ask, the answers always no.

5
Dont Sell Yourself Short
4
  •  Feasibility will compromise you soon enough.
    Dont allow yourself to be defined by    the
    limitations of other people. Fueling your fears
    is a waste of imagination.

6
 Keep Moving Forward
5
  •   Excellence is always anchored in perseverance.
    Its only a No for now. Over every hill is
    another hill. The only easy day was yesterday.

7
  Start Now with What You Have
6
  •   Waiting doesnt necessarily get you to a better
    answer. The time will never be just right.
    Elaboration in planning is a form of pollution. A
    good plan executed today beats a perfect plan
    next week. Its easier to ask for forgiveness
    than permission. Only the winners decide what
    were the war crimes.

8
  Nobody Said Life Was Fair
7
  •   In the world of startups, there arent rewards
    or punishments, there are only consequences. Some
    win, some lose, but those who dont constantly
    change die        for sure. Theres no such thing
    as a good excuse. Make smart mistakes and dont
    repeat them.

9
  Never Play the Blame Game
  •   People who blame their circumstances for their
    situation will never change things for the
    better. The ones who succeed look for the
    conditions they need to succeed and - if they
    cant find them - they make them. When you
    continually blame others, you give up your power
    to make things better.

8
10
  Sometimes the Baby is Just Ugly
  • Time is the scarcest resource. Opportunity costs
    are everything. If youre digging yourself into a
    hole, the first order of business is to stop
    digging. Dont be reluctant to change your mind.
    Dont try to do things cheaply that you shouldnt
    be doing at all. Stubborn on vision flexible on
    details.

9
11
  Make Something that Makes a Difference
10
  • Focus on making a difference and making a life
    rather than just trying to make a living.     

12
  Cheddar Breed Jealousy
  • Unless youre a publicly listed company, you have
    no business flaunting your profits. What purpose
    does it achieve? Flossing? Chill. Focus on being
    great and delivering a great service or product,
    let people focus on that. You dont need and
    definitely dont need the negative energy that
    comes with people knowing how much profits your
    business is making. Its a distraction.

11
13
  Do More. Talk Less
12
  • Quit the talking, let the actions speak. Let the
    services and products you ship from your startup
    do the talking.

14
  Verify Validate Everything
  • Once again, think about what matters for your
    startup. Validate everything. Sometimes trouble
    doesnt announce itself, it sweet talks its way
    in.

13
15
  Never get high on your own PR
  •  
  • Your public relations is meant at best to tell a
    good story about your startup and hopefully get
    potential customers hooked on whatever it is you
    offer, but never get high on it. You know very
    well your startup has areas it needs to improve
    on so instead of basking in all those PR good
    stories, focus and keep working on getting
    better.

14
16
  Money and Blood Dont Mix
  •  
  • You could say this rule (Keep your business and
    family separated) is debatable in terms of
    startups, but think about it from a diversity
    point of view.
  • It is probably better from a decision making
    point of view to have people that are different
    from you (but have the requisite skills) helping
    you make decisions from a different perspective.
    With family, chances are you all believe in the
    same things and most probably view the world the
    same way.

15
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