All product related things aside – startups are all about grit. If you decided to build your own product and to dedicate your life to it – expect a bumpy ride. It will be probably the best decision of your life but only if you will have the right attitude.
I hope this book will help you to avoid some obstacles on your way to success. It doesn’t represent the absolute truth, it just gives you some insights that I would love to know prior to embarking on a startup journey. I will keep it short, I promise – I know you won’t have a lot of free time on your hands. I also won’t go very deep into the startup matter. To paraphrase Leo Tolstoy: All happy startups resemble one another, but each unhappy startup is unhappy in its own way
Ok, let’s not waste any more time and concentrate on the topics that will hopefully help you to create a happy and successful startup – to infinity and beyond!!!
I would like to thank everyone at Mbanq. Without the team that was carefully assembled by Mbanq’s CEO Vlad Lounegov – I wouldn’t be able to truly experience the startup life and share with you any insights.
Here is a couple of thoughts I would like to give you on the way: – Ideas are worth nothing without execution – Your customers do not care about your tech – Startup is a marathon not a sprint – pace yourself – Timing matters but you cannot control it – You do not know how exactly your product will be used – It will be harder than you think
Product
Product is at the center of your startup. Your product is what it’s all about. When I say product, I don’t talk about the idea. Idea on its own is worth nothing. Ideas are a dime a dozen – everyone has them but not everyone is able to bring their idea to life.
Gates Sign at the Bangkok Airport
Execution is the key – that’s what startups are all about. If you cannot execute your idea, you won’t have a company and won’t make the world, hopefully, a better place.
Your product is not the heart but a brain of your startup. Without your product your company is brain-dead. Even if it looks shiny, it’s not operational.
The art of the product development is to deliver a working solution as fast as possible by keeping an eye on the big picture. Keep in mind that during the development of your product, your idea will transform as well. Don’t be too stubborn – otherwise you may get stuck and frustrated.