When you start your business, you don’t need anything other than your brain and working through the following 5 steps. If there is anything unclear to you, use Google. Finding your own way is part of this exercise. You will do that for the next 10+ years – finding your own way. If you are […]
In March 2017, four startup teams graduated from the first accelerator program provided by Society3 in Switzerland. Each of the four teams worked in a Silicon Valley style program focusing on becoming the best in their category and eventually conquer global markets. Some of the teams already secured funding, others wait to gain more traction […]
Once in a while I meet entrepreneurs with amazing ideas but they don’t know how they could compete with even the largest enterprises. I started my first company from scratch with $20,000 and needed to compete with 3 other businesses, each $200 Million to $1 Billion in revenue – 10 years later we were market […]
There is a concept called MVP – Minimum Viable Product. Even though the name kind of says it all, the concept “MINIMUM” – “VIABLE” – “PRODUCT” indicates that there are as few features as possible, it must kind of work and it is a product – most entrepreneurs interpret MVP as the early iteration of […]
I’ve worked with over 100 startups in the past years and ran 5 businesses myself. My experience – in this order: No. 1) Weak execution Most failing startups could just not execute in a timely manner and/or showed a huge lack of judgment. They worked too hard on product features, too little with the market. […]
You have only 24 hours a day minus 10 to sleep, eat and recharge makes it 14 hours. I assume you are tackling a large market and want to conquer the world. I also assume you want to have about 30% market share of whatever billion dollar market with roughly 20 Million potential customers. This […]
The single best resource you as a founder can – and really really should – look for, is a co-founder. 1) Solopreneurs have the least success rates of all founders 2) A stellar business focused generalist will always be at best a mediocre product creator 3) The most talented developer is probably the least likely CEO […]
Forget it, passion is for pussycats. You need to be obsessed. You heard all that many times. But what does it actually mean? What constitutes such a great founders team? Team means team. A founders team is not one founder with a few people joining him or her somehow but multiple founders with more […]
You have a new business idea. You are so excited that it quickly becomes your best-kept secret. You get almost paranoid about somebody stealing this great concept that apparently nobody else figured out yet. Now – one day you have to share the secret, when you hire somebody to help you build the product when […]
This post was inspired by a question on Quora “What are the most common mistakes first time entrepreneurs make?”. If seen these mistakes over and over again: Trying to be the nice guy – instead selfishly execute your vision because nobody will if not you. Being fearful, avoiding risks – instead stand up and be bold […]