This page outlines some learnings from a few of the companies I've started.
Tip 1: Understand your market and user and define you business model before opening a bank account and registering a company.
Tip 2: Don't get caught up what your logo and website look like for MVP.
Tip 3: Have a mission. Something that everyone can align and push toward it
Tip 4: Have a side hustle. That extra 200-300 per week will make all the difference.
Tip 5: Be passionate about what you are working on but be realistic about how you approach it, don't quit your job or drop out of uni until you've validated your market and identified your users.
Summer of Dev
Tip 6: Learn finance and understand cash flow.
- Pay yourself last
- Spend less than you earn
- Avoid bank loans at all costs.
- Understand which taxes you will be liable for.
Tip 7: Ask for help. Get yourself a trusted mentor or advisor asap.
Tip 8: Read and listen.
Here is a list of my favourite podcasts: (in no particular order)
- Masters of Scale
- 50 Things that made the modern economy.
- The Tim Ferris Show.
- Reply All & StartUp or almost everything by Gimlet Media or Creative.
- Freakonimcs Radio.
Any questions feel free to reach out.