TRAITS OF A SUCCESFUL STARTUP FOUNDER: LET’S GROK!

A big shoutout to my dear friends at theclimber

(Please do shower them some appreciation here: theclimber)

Every single day that I have opened the newspaper or tuned into a news channel on the telly I have come across the word ‘startup’ mentioned at least once. To the lay person it might just seem like a scrappy young venture with hip young people working in it. But trust me when I say this: it is so much more.

GenerationStartup_Logo

The Government of India defines a Startup as follows:

An entity incorporated or registered in India not prior to seven years, with an annual turnover not exceeding 25 crore in any preceding financial year, and working towards innovation, development or improvement of products or processes or services, or it is a scalable business model with a high potential of employment and wealth creation.

In simpler words:

“A startup is essentially a relatively new company working to solve a problem where the solution is not obvious”

So what do you think it takes to establish a successful startup venture that will stand the test of time? Is it the nature? Temperament? Or is it a personality type?

The answer my dear readers is behavior!

All successful startup founders have been found to possess the following behavioral traits:

  1. Goal oriented planning: Knowing what you want to achieve is comparable to winning half the battle. Therefore be SMART!!

screenshot_20180305-203810-1264049764.png

2. Persistence: Only those who persevere against all odds make it big. In St. Richards’ words those who push through CRAP (Criticism, Rejection, Assholes and Pressure) stand to succeed. Therefore enhancing mental fortitude is a must!

3. Active listening: Only a person who fully concentrates on what others have to say with regards to needs and understands those needs can respond by designing a sustainable solution to a problem. This is the key to establishing a successful and sustainable startup. The best of ideas often come from the places we least expect them so therefore one must be encouraged to be open-minded!

You can be an active listener by expressing concern and building rapport with your listener.

4. Patience: As the old adage goes, “Rome wasn’t built in a day”, one must be willing to wait for a substantial amount of time before one’s expectations are fulfilled.

Image result for patience in startup

5. Self-reliance: One must have conviction in one’s abilities and always strive to improve upon one’s skills rather than depending on others for every little thing.

6. Asking for help: Self-reliance is a great quality to embody, but one shouldn’t be afraid to ask for help when it is needed. It will reduce a great deal of burden, help one to achieve goals faster and therefore asking for help must not be viewed as a shortcoming.

7. Humility: In Terry Guillemets words,

“Wash out your ego every once in a while, as cleanliness is next to Godliness not just in body but in humility as well”.

This quality of yours ensures that you are viewed as approachable and therefore you will be showered with a lot of ideas (especially when you run out of them ) from others which can help in further innovating your product/service so it stays in sync with the society’s changing needs.

8. Service oriented: One must make sure that one’s product serves something of value to a massive chunk of society. Giving back to the society is therefore the way forward in establishing and sustaining a startup firm.

This post is dedicated to:

screenshot_20180302-2318061734317163.png

Advertisements

18 thoughts on “TRAITS OF A SUCCESFUL STARTUP FOUNDER: LET’S GROK!

    • Thanks for writing in.. I do work in collaboration with a few of them. But I haven’t founded one.

        • Thank you for taking an interest in what i do. I design workshops, lesson sheets, interventions, customize tools. Mostly in the field of career guidance, but I dabble in other things as well.

    • Thanks a lot for stopping by a d being so appreciative.. I hope you like my future posts as well.

    • Yeah me too. These days a lot of people term new ventures as startups so I guess this should clear it out.

Leave a Reply