Sunday, 28 June 2015
These are the most comman mistake first-time entrepreneurs
1. Keeping your idea secret.
This is one of the most stupid misconceptions about startup ideas (If I tell it to someone they'll steal it and make millions of it) Reality is that every loser has a business idea with a potential but most are not capable to execute it. And people who are able to execute ideas have plenty of their own. Of course, it's the execution not the idea - facebook came after friendster and myspace and google came after plenty of search engines.
2. Trying to build a product for everyone.
He who tries to please everybody, pleases nobody.
3. Lack of focus.
All entrepreneurs are cursed with having too many ideas that are too tempting not to be executed. The point is to be able to put everything else aside and focus on one with best timing and most potential. Jack Dorsey mentioned somwhere that he had his Twitter idea almost a decade before he started it and put it in shelf - which is his way of clearing distractions.
4. Ignoring cash-flow.
As already mentioned in many answers confusing cash-flow or ignoring it is surest way to fail.
5. Quitting too early + not failing soon enough.
Quitting and failing are 2 different things. Failing soon is about not wasting time (or falling in love) with features once you have enough evidence they aren't going to make profit - you should seek that evidence all the time. Quitting on another hand is giving up to circumstances while knowing that what you are doing can work and will make you happy.
6. Wasting time on what competition does.
I once got across a Tweet saying: "If you spend all your time looking at your competition your product will end up looking like competitions ass."
7. Picking the wrong co-founder and not having a shareholder's agreement in place.
Talking or wishing and doing are two separate things, when you are motivated and excited everyone feels like a winner. All people tend to overestimate themselves, however once it comes to action many back off or find reasons and excuses to go for the easy and safe route. Making sure you aren't giving equity to a "co-founder" before you get a proof is what shareholder's agreements are made for.
8. Issuing equity too early.
Many people you hire early on may only have a half-hearted commitment and ambitions on their own. Once I was going to offer small part of equity to an advisor and I had a chat about it with one experienced partner in a law firm. He told me:
"Why would you need an advisor who only does it for equity? Get people who are excited about your product and want to help out because of that excitement and belief in it, then after a year or more you can talk about equity."
Same thing with stock options, the ideal time frame should be around 5 years, if you give it to someone after 1 year of working they can simply walk away and take a free ride while you're working your ass off increasing the value of their stake.
9. Too many features - over complicating.
Everybody knows why Apple was so successful. Here's a quote from Albert Einstein that sums it up nicely:
"Any darn fool can make something complex it takes a genius to make something simple."
It's the simplicity not complexity that sells (and makes it hard to build)
10. Not seeking or using customer feedback.
"Well they may not tell you what you should build but they can surely tell what's wrong" - as Bill Gates believes.
Thursday, 18 June 2015
Not Recommended? Here Is What To Do After That
Rejections hurt, especially when it from something you dream about, work hard for, they hurt even more when it is the nth time that you are getting rejected. Every candidate who suffers rejection in SSB, can very well relate to the sadness which comes after it. The candidates who do not get a chance to hear their chest numbers in those lucky to be officer list, know that the next few days are going to be difficult. But it is not the end of the world, though it is end of one SSB and to you both seem like same thing at that time. Here’s is to what should follow after getting rejected from SSB:
There is no point cribbing about the selection system, it is not going to change, so you need to stop doing that first. Stop being critical about the selection system.
Yes that candidate who got selected did not deserve it, but still got through, and see here you are, having all the qualities oozing out still not recommended. But you can’t do anything about it, again stop comparing and looking critically as to who got selected.
No board is a rejection board. They want you as much as you want that job. Keep the myths away. Many people will tell you many things, need not believe everything.
Repeaters have a hard chance, no, absolutely not. If you have chances ahead it is never the end, you can try with better preparation every time again.
The earlier you stop thinking about your previous SSB, the better. Old bad things need to go for new good things to come, but they should go only after leaving the lesson. So draw the lesson out of your attempt.
See the positives, ignore the negatives. See the good things you learnt after going to SSB (for me it was learning to play pool), which you would have not learned otherwise, it’ll fill you with good thoughts.
Be happy for the candidates who got selected, learn positive things from them, congratulate them from heart. If you learn to be happy for others you reach an super level of awesomeness!
Sit down, analyze from day one, to the last day, write down the questions asked, your answers, it’ll help you later to understand what went wrong. Since everything is fresh you can remember now, but will be difficult later.
Note down all the important dates, for all the forms you need to apply for. Keep on applying for the new entries whichever comes up next. Never lose hope. Never give up, the quality of a true officer.
Start preparing for your next SSB. Seek for an expert help, if you feel it is needed. Be very wise before choosing any coaching. So do all the groundwork needed for preparation.
Falling down is easy, getting up is not. You need to really get up and put in all your efforts so that you can achieve your dream goal.
There is no point cribbing about the selection system, it is not going to change, so you need to stop doing that first. Stop being critical about the selection system.
Yes that candidate who got selected did not deserve it, but still got through, and see here you are, having all the qualities oozing out still not recommended. But you can’t do anything about it, again stop comparing and looking critically as to who got selected.
No board is a rejection board. They want you as much as you want that job. Keep the myths away. Many people will tell you many things, need not believe everything.
Repeaters have a hard chance, no, absolutely not. If you have chances ahead it is never the end, you can try with better preparation every time again.
The earlier you stop thinking about your previous SSB, the better. Old bad things need to go for new good things to come, but they should go only after leaving the lesson. So draw the lesson out of your attempt.
See the positives, ignore the negatives. See the good things you learnt after going to SSB (for me it was learning to play pool), which you would have not learned otherwise, it’ll fill you with good thoughts.
Be happy for the candidates who got selected, learn positive things from them, congratulate them from heart. If you learn to be happy for others you reach an super level of awesomeness!
Sit down, analyze from day one, to the last day, write down the questions asked, your answers, it’ll help you later to understand what went wrong. Since everything is fresh you can remember now, but will be difficult later.
Note down all the important dates, for all the forms you need to apply for. Keep on applying for the new entries whichever comes up next. Never lose hope. Never give up, the quality of a true officer.
Start preparing for your next SSB. Seek for an expert help, if you feel it is needed. Be very wise before choosing any coaching. So do all the groundwork needed for preparation.
Falling down is easy, getting up is not. You need to really get up and put in all your efforts so that you can achieve your dream goal.
TGC 122, SSC Tech 46, AEC Apply Online From 18 June 2015
TGC 122, SSC Tech 46, AEC Apply Online From 18 June 2015. A good news for aspirants looking for TGC 122, SSC Tech 46 and AEC 2015 online application link. As per the latest update by the Indian army on joinindianarmy.nic.in, candidates can apply for TGC 122, SSC-Tech 46 and AEC from 18 June 2015 1000 Hours onward. Online registration link will be available till 17 July 1700 Hours. TES 33 notification was scheduled to open on 16th but got delayed again. We hope that Indian army will open TES 33 online registration link tomorrow along with TGC 122.
TGC 122, SSC Tech 46, AEC Apply Online From 18 June 2015
TGC 122, SSC Tech 46, AEC Apply Online From 18 June 2015
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