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After selling Reddit to Conde Nast in 2006, Alexis Ohanian has now rejoined the company full-time — and he’s had a lot of time to reflect. Earlier this year, he candidly shared what he learned on his long stint away while advising a number of other startups. In particular, he focused on what he didn’t do that made all the difference to his career, and one of the big ones was not choosing mentors or role models that seemed at all opposed to risk. Ideally, you want to surround yourself with people who will push you past your appetite for risk if that’s what needs to happen. Choose mentors, investors, advisors, who have broad vantage points and long histories of watching companies rise and fall. You want folks who have seen enough to know they’ve seen too much, and who will talk you into pushing yourself as a result. Ohanian experienced this first and foremost with YC Co-founder Jessica Livingston, who suggested that he go on a fake press tour in New York when he was just 22 — or rather, try to generate a bunch of reporter conversations out of thin air. At first, he was intimidated and balked. But, having been through a lot herself, Livingston was able to put it in perspective and make it sound low-stakes. He went through with it — and if he hadn’t, he never would have made the connection that led to Reddit’s sale.
The first and the most important thing that all people and upcoming entrepreneurs should keep in mind is related to the practicality when it comes to money. It is the common mistake that most entrepreneurs do when it comes to generating funds and managing profits. Instead of keeping the focus on the present scenario and financial needs that actually assist in building the company, beginners always get busy in thinking about the future like how will they make money in future which is completely impractical. Planning is good but the focus is very important and you have to first build your present instead of thinking about future. Extra information can be seen on How to start a business online.
Don’t forget you’re the leader! So behave as such. Remember all the things that did not suit the boss from the previous job and do not do it! Be an example, a role model for others and make yourself enjoyable. Although sometimes you will have to make decisions that will not please everyone or maybe even employees will disappoint you, opt for a professional attitude and not a severe one. Talk to them calmly and patiently and explain to them what the problems are and what solutions you have. It builds, therefore, a very good relationship with all the staff, to be appreciated and rewarded as such, on a personal level. Once you make the decision to open your own business you will need to invest a great deal of time and energy in its development, so it is very important that you enjoy what you do and find satisfaction in the activity you carry out.
Be unapologetic and relentless with what makes you thrive. Many times, we are influenced from the outside world, and cloud our own desires for the sake of those around us. The sooner you are able to grasp this nugget, the sooner it will drastically change your world. – Neeta Bhushan, Global GRIT institute Source: https://theentrepreneurresearch.com/.
