How to make an important decisions and calculate the risk in your Startup Company?
How to choose the right technology stack for your Startup?
How to choose the right team members? Is it smarter to outsource some people/company, find full time employees or you'll give some shares of your Company to some partners?
How can wrong decisions have an impact on future of your Company?
How you calculate the risk of your choices at the right time?
Of course, you will say that answers on almost all questions above depend of how much your pockets are deep, but there is always solution to respect lean principles building your startup company.
If you are interested in some REAL case studies which I learned in the last several years working with many startups, put some comment below so we can start :)
In the mean time, please put the link or comment of your own story and journey and how wrong and good decisions had impact of your company.
#startup #entrepreneurship #leanprinciples #calculations #risk #business #growth #decision
Whatever you already know.
Hire for aptitude over skills. Fire with compassion when you choose correctly.
Build what you can. Hire what you can't.
Partnership is like marriage - a partner or cofounder won't fix or complete you.
There are two kinda of wrong decisions: doing the wrong thing, or doing the right thing the wrong way.
The former is much harder to come back from.
Hire advisors that you trust to help you avoid terminal mistakes. Everything else is an experiment.
I evaluate decisions based on the REAL worst case scenario (not the worst thing I can imagine) and then adjust scale, scope, and risk so the worst case scenario isn't so bad I couldn't recover.