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Posts tagged as “the_lean_startup”

A Critical Attribute for Every Successful Founder

Peter 0

I’m sure we’ve all heard the term “blind spot” before. Whether in business or your personal life, it’s usually a jarring experience when someone refers to one of your own blind spots. Typically, the term comes up when you’re struggling with something and a “coach” or friend points out that it’s a blind spot for you. The term has many names such as unconscious bias, weakness, fault, oversight, etc. But the optimistic and most useful way to look at it, in my opinion, is to label it self-awareness or a lack thereof. When I think about a personal blind spot of mine, it’s usually in a negative fashion as a personal fault. If I think of self-awareness and not having it in a particular area of my personal or business life, it’s a skill or attribute I can learn or improve upon. Self-awareness is the single greatest attribute any successful founder can bring to the table. Self-awareness is absolutely critical for any successful entrepreneur. I’m normally pretty adept at it in my work and personal life, but sometimes I fail. And when I fail, it’s an epic fail. The concept of Sage was one of those times where I really just couldn’t let go of a thought. The thought was “I can do this myself”. How did that thought manifest itself in my own founder’s experience, you ask? Determining What is Realistic The idea for Sage came to me about 7 years ago. I was in the midst of tax…

How do you define a Startup?

Peter 0

An interesting question always pops up when I’m reading books and articles about Startups. What is a startup? What defines a startup and how do you differentiate it from any other business? The best definition I’ve seen is from Eric Ries’ book, The Lean Startup: A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty Eric Ries, The Lean Startup I think any business founder is always starting from some level of uncertainty. Startups in particular typically deal with this huge earnings upside, but also, a complete fog hanging over our ability to quantify what a business could be worth. It’s part of the fun and also, part of the challenge. It can be frustrating, but it also drives the biggest innovators to succeed. Because of this, one of the challenges I’ve always found is staying even keeled from day to day. Despite personally being a very even keeled person in life, the founder experience just seems to rattle you from time to time. It’s important to find outlets for your frustrations. To me, that should include getting a little inspiration on a daily basis. Quick aside! If I could provide one good piece of advice to other founders, it would be to get up from the computer or couch, take a walk, and find some inspiration at least once a day. Note I just came up with the idea above to use our “Sage” glasses to denote tips, recommendations, and important callouts.…