The early stages of building a great business are full of ups and downs. After 15 years of experience building startups, I’ve needed to find a few ways to maintain perspective and keep my sanity.
I recently had the opportunity to pass along some tips on The Wall Street Journal. This is an excerpt of the article posted yesterday.
Ben Horowitz, a varsity-league entrepreneur who is now an equally successful venture capitalist and author, reports that, “As a startup CEO, I slept like a baby. I woke up every two hours and cried.”
Having co-founded and run four businesses, I can relate. One company that I co-founded made it to a successful acquisition, one didn’t make it at all, one is continuing to progress after more than a decade and for one it’s still too early to tell. I’ve seen a mix of scenarios and can report that each is equally daunting.
Three tips I would pass on to others going through the startup experience:
- Don’t attempt it alone. You need someone on the outside with whom you can talk without mincing words.
- Keep moving forward because when unexpected things happen, and they will, the easiest thing to do is complain, but that’s not going to help.
- And most of all, have faith because even when things seem the bleakest, your greatest opportunity might just be around the corner.
Read the article in its entirety to learn more about tricks to survive the ups and downs of your startup experience.