What my first failure taught me
Mohammad Elzahaby
2 replies
When I was studying for my bachelor's degree in Architecture, I was always passionate about building a startup. At the time, there was a lot of hype surrounding the startup world. I won't reveal what my startup idea was, but I will share some of the experiences I had.
Be honest. Always.
Some people deceive themselves, and I must confess that I've done it too. But others aren't honest even with themselves. I participated in a university program that aimed to incubate startups, and out of the five teams that took part, including mine, only one actually became a startup. Why am I saying this? Many of us had big dreams and visions, but it was all just talk. Nobody took the startup seriously, and we were all lying to ourselves about working on it. I had to learn the hard way that it's crucial to be honest, especially with yourself.
People need incentives.
When you're working at a day job, the incentive for doing it is the monthly salary you receive. Working on an idea can be extremely fulfilling, but not everyone on the team is as motivated or visionary as you are. Particularly at the beginning, when there's no money being made and when the idea isn't yours, or you don't believe in it. So, whenever you're working with a team, try to find incentives or a way to generate revenue early on.
A team needs a leader.
This is something that I've learned repeatedly, whether in relationships or in startups. Someone has to lead the team or provide direction. Typically, the person with the idea or the visionary person becomes the leader or assumes the leadership role. Leadership doesn't mean ruling and dictating; it means having a broad view of everything, motivating and leading by example, keeping the team together, and most importantly, taking action!
I've had to learn more things the hard way, but these are the three most critical ones. I hope you enjoyed reading! Tell me about your learnings
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