Mark Zuckerberg, return to Harvard University to deliver a commencement address. Mark’s speech was a mix of splendor, lessons, and revelations on how Facebook evolve. I picked some stunning startup lessons which could contribute or be the key to solving the problems some entrepreneurs encounter while trying to build a successful business.
1. Sticking to a like-minded fellow is an asset.
Mark mentioned a relatively unknown fellow. Most people see Facebook as a sole creation of Mark intuitions and entire idea. However, his speech revealed that JX Kin, over the years is still playing a significant role on the platform.
Having a like-minded fellow next to your idea could be a pillar that will bring life and sustenance to your idea. While still trying to find balance in the developmental phase of your start-up, watch out for that single fellow or duo who are not in for the money but the future and the unseen bigger project.
2. If your idea is bleak, don’t worry its normal.
“Ideas don’t come out fully formed.”
Who could think a dorm startup will touch the world? Your startup might have a defined goal. However, a business should not always expect to arrive at a set goal.
Flexibility should always be a virtue, and your ability to leverage on this model could make your startup the next big thing. Yes, it is good to set a goal but be ready to switch goals if the need arises.
3. Don’t listen to all advice.
Mark revealed to the world how he was told he would regret if he does not sell Facebook. Just like you, some people will talk you down; some advice will come off nice others will plot to destroy you.
What Mark revealed to the world is that as businessmen as women we should imbibe the spirit of sustenance, patience and be resolute.
4. Find a sense of purpose.
Setting goals and target isn’t enough, finding your purpose gradually is the key to your breakthrough. You will need to realize that your business is a part of something bigger and affecting people should be the key.
Recently Ellen Musk unveiled a truck that could come to a halt few feet before the collision. This is finding a purpose for the lives of thousands that could get killed while in a car on the way of a speeding truck.
5. Your first management team might crash, that’s normal.
“Relationships were so frayed”… Every single person on the management team was gone…” Indeed disagreement is healthy; everyone will not buy or key into your idea and concept.
The main lesson is never to give up because everyone has deserted. Utilize that opportunity to remain firm and know that dissertation is just a phase in a business that will fade.
6. Think big.
“We often don’t do big things… afraid of mistakes…”
Your idea might appear little, but the ability to connect and touch a larger audience should keep you going. One thing I realize over the years is we often think too small, your ideas and aspirations just remain dormant because you refuse to look at the bigger picture.
See your idea and an invention that will touch millions and help others find a purpose.
7. Expect to fail, that could be your stepping stone.
“Facebook wasn’t the first thing I built…”
Perhaps, a lot including myself never knew. The truth is If you try and fail, but you are persistent in creating a purpose with your startup, your successes will come from failing and not stopping.
Realize that the index of achievement is usually small and you should leverage on the openness of taking a lot of opportunities to find a purpose.
8. Ignore all competitors; the race is for the swift.
“…There were all these big technology companies with resources.”
Experts will always remind you as an entrepreneur of the need to analyze your potential competitors and see them as a yardstick. Sincerely, giving time to opponents amount to waste in productivity which could prove essential to your business.
As a startup, your focus should all be placed on your business. A little insight into what your competitors are doing could get you discourage. I have discovered that we all have no competitors until we agree they exist.
Model after your progress
“The idea of a single eureka moment is a dangerous lie.”
Building a successful business requires serious commitment, patience and time. Sometimes following a model expert recommend could simply be your stumbling block. All business begins with an idea, and as you progress or regress, the initial plan should be your molding force and potential enzymes that will help you find a purpose.