What’s one skill all startup employees should learn in order to achieve entrepreneurial success in 2015?
The following answers are provided by the Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.
“In the startup world you have to always be ready for change as an employee. One of the biggest advantages startups have over large companies is their ability to quickly make changes, and as an employee you have to be able to adapt just as quickly.”
“Startups are inherently resource constrained, so the more an employee can “help themselves,” the more valuable they will be. They can achieve this by being resourceful and finding answers to problems efficiently. This also provides more autonomy and the ability to make a significant impact in a growing company. It’s a win-win!”
“High self-discipline is essential for entrepreneurs because there is no one looking over their shoulders insisting they buckle down and invest enormous time, energy, focus and resources into their businesses. Because no one cares about the startup as much as the founder, the entrepreneur must be able to draw on an inner drive to make things happen.”
“As a startup, you’ll never have all of the right answers. And that’s okay. As long as you trust your gut and do what feels like the right thing, the lessons and rewards you will learn will be infinitely greater.”
“A startup goes through endless ups and downs. Learn to anticipate sudden changes, bounce back quickly and adjust to new circumstances. At the end of the day, as long as you keep healthy and put things into perspective, you can always come back.”
“We have 13 people on our team, many of whom want to be challenged and do more than their core job. We’re lucky because, frankly, every startup needs a team of folks who are that passionate. But I don’t have time to uncover everyone’s interests. My dream is for everyone to be proactive: “Hey team, I saw this need and I drafted a solution.” The company will improve and your efforts will be appreciated.”
“People should troubleshoot first. Instead of only chiming in when there’s a “problem” at work, do some diligence so you can also suggest a potential solution. That self-directed leadership will leave an impression on all those around you and ensure your success.”
“Be responsive all the time. Make sure emails are set on phones and you’re available. Availability means you never miss an important note or sales opportunity. I’m big on that.”
“Persistence is the number one most important thing in startups. All companies that fail do so because they give up. Startups always face many challenges, the only way to overcome them is to be persistent.”
“Understanding what to work on is more important than determining how to work on things. Working efficiently on things that don’t deserve your time is still a waste of time.”
“Every entrepreneur should learn how to ask a client for money. It forces you to focus on what really matters in your business, and that’s delivering value to your customers and getting them to pay you. If you have the ability to get clients to write checks, then you will be able to survive long enough to build a business around your product, or discover the next successful one.”
StartupCollective | bikeriderlondon