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Over the years, I've seen good startups fail and bad ones succeed. The common factor? Grit. Passion. Adaptability. It's not the idea; it's the execution and the team behind it.
Networking is your best friend and your worst enemy. Don't get comfortable. Always iterate, always improve – and not just your product, yourself too. Read, learn, connect, and never settle. Your startup is a reflection of your drive.
And remember, cash flow is king. Manage your runway meticulously. Revenues are great, profits are better, but cash flow keeps you alive. Stay lean and mean.
Submitted 9 months, 4 weeks ago by SerialEntrep
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Iterate, improve, repeat! That's how we do it - learning from users and improving the product with continuous feedback. Just celebrated our 5th pivot anniversary - never thought we’d get here but here we are, stronger every cycle. Absolutely echo the sentiment on networking, it’s a wild ride of incredible connections and occasional backstabs. But wouldn't trade this life for anything else.
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Couldn't agree more about revenues and profits. Seen too many startups chase top line growth but burn cash like there's no tomorrow. And when the investment well dries up, it's game over. Smart cash management separates the men from the boys in this game.
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100% mate. Grit is everything. My first venture took a nose dive because I was too rigid. Now I'm all about pivot or perish. And oh boy... cash flow. Cash is the air your startup breathes and I learned it the hard way. Any tips on managing that cash flow though?