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Startups are full of highs and lows. Today's a low one.

Yesterday was a really exciting and upbeat day.

But they can't all be like that.

Today we lost a customer, and it was entirely our fault.

I share this because it's often not shared: startups are full of fun and exciting times, but they are also full of really rubbish times.

I guess the good / bad thing about that is you rarely keen a streak of days going that are either entirely good OR bad.

Losing a customer sucks. The silver linings though, in my eyes:

  • The customer isn't lost forever. They're lost for now.
  • If we never had that customer in the first place, we'd never have learned the things we learned from them.
  • Often, a really unhappy customer is a customer than can be turned around, over time, to become a true evangelist.
  • Customers who are neither happy enough to tell their friends or unhappy enough to cancel are OK, but a customer driven to the point of cancellation, that can be turned around, can often go on to being a true promoter.
  • Nothing bears raw, direct feedback from a customer cancelling: they've got nothing to lose, there's no angle. Their feedback is golden, and massively helps when thinking about what to prioritise on product.

Another thought, when you have 10s of customers rather than thousands, you are at a scale where you can go deep on every single customer and why they are / aren't happy. You don't need extensive data, you don't need product feedback management tools, you need to pay attention, to listen, to objectively note what you hear, and you need to turn that into a plan for what you build. No tool and no one else is going to make those tough decisions for you.

Whether you're having a good or a bad Friday, remember, the streak won't last forever. It's all part of the journey.

  1. 4

    It's not easy to build a startup. One of the founder's job is to manage her/his mental heath. I do yoga, call friends, talk to a psychologist, go outdoors just because I know that my work and life right now is hard. If I don't do it, I will collapse.

    1. 1

      @stas_shakirov Thanks for the note, Stas! Yes I never used to do enough of this. Increasingly I do yoga and get away from my screen and walk to make sure I keep things in balance.

  2. 3

    Sometimes, these lows are actually more helpful than the highs in the long-run. Its a great moment to reflect and understand what can be done better. We rarely do that on the good days.

    I still remember one particular day during my first startup in 2015, where I cried in the car after a call from a prospect we were about to finalize. It would have been a game changer at that time. Not only was it a No, there was some very unfair feedback. But I learnt a lot from that experience.

    1. 1

      @sergiopreira wow thank you for sharing this. I think I agree actually — the lows really are the best places for learning. I am sure you are now a lot stronger thanks to that experience in 2015!

  3. 3

    Great post! Not everyday is a good day. Resilience is the key for when things don’t go well, but like you said, anything can be an opportunity to learn more. Good luck!

    1. 1

      @bruno_mo Thank you for this comment Bruno! I totally agree — always there is something good to take from even the worst days. Usually it's something to learn for next time!

  4. 2

    Bad things happens. Now you must focus on new prospects and think about the future of your startups. Surely you have learned to improve the product or some learning will have remained.

    1. 1

      @alexpin Thanks Alex! Yes absolutely — low days are not always that low, and the best days are not necessarily that great! We definitely have taken many lessons from this experience to feed into product improvements. Excited to get them rolled out!

  5. 1

    Entrepreneurs loose on a daily bases in the micro (i.e. bad decisions/customers, layoff resources etc) which is actually healthy, as long as you keep winning in the macro then you are golden. As soon as you continue loosing at the macro level you should seriously re-evaluate your business as it is not healthy. On the flipside stay motivated and exercise, it will keep you sharp!

  6. 1

    Great post! Not daily is a suitable day. Resilience is the key for when matters don’t go well, however like you said, some thing can be an chance to examine more. Good luck!
    http://garagedoorrepairchester.com/garage-door-spring-repair/

  7. 1

    Due to the ongoing economic crisis in Bangladesh, I lost one of my first clients today. I was hurt by this loss, but this is how the entrepreneurial journey works, with its ups and downs.

    1. 2

      @KonokNazmul999 Thank you Konok, wishing you a better week this week. Yes part of my desire to share was to make sure people don't feel like they're alone when they're not "crushing it" on any given day.

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