1. One should not quit his/her job until you have been funded very well. Once you get funded it means your idea is credible and fund will help you survive.
2. Never spend a penny from your personal savings. Because it's a slippery slope. Today you took $5000 from your savings, tomorrow you will do more.
3. Fail Fast and move on. Quickly build a prototype and showcase your ideas to your customers, have them on board with minimal viable product.
4. Don't spend your resources and time on things which people are not planning on using. Build based on what your customers wants and they are willing to pay you for it.
5. Make daily goals which is toward a main goal.. we have wasted so much time drifting in wrong direction. Keep your goal steady and only focus on that, nothing else.
6. Get some help, You cant do everything on your own.. get co-founders, try them out for 3 weeks before having them on board.
7. Be honest to yourself and communicate very well with your co founders and team mates.
Rules of startup:
1. One should not quit his/her job until you have been funded very well. Once you get funded it means your idea is credible and fund will help you survive.
2. Never spend a penny from your personal savings. Because it's a slippery slope. Today you took $5000 from your savings, tomorrow you will do more.
3. Fail Fast and move on. Quickly build a prototype and showcase your ideas to your customers, have them on board with minimal viable product.
4. Don't spend your resources and time on things which people are not planning on using. Build based on what your customers wants and they are willing to pay you for it.
5. Make daily goals which is toward a main goal.. we have wasted so much time drifting in wrong direction. Keep your goal steady and only focus on that, nothing else.
6. Get some help, You cant do everything on your own.. get co-founders, try them out for 3 weeks before having them on board.
7. Be honest to yourself and communicate very well with your co founders and team mates.