You need to show your people THEIR goal, not YOURS! 1. At the very beginning, the most important thing for a founder is to assemble a small team of key people on whom the future of their startup depends. However, 99% of startups are small and unknown, so they can't hire big, well-known people with existing competencies 😉 This means they need to be nurtured and trained. But how do you do this correctly? 2. I saw a good idea about this from one founder. Key people need to be shown the goal. And then help them achieve it. But there's one important point here that most founders can't grasp 🤔 3. These people need to be shown THEIR goal, not YOURS 😱 4. Accordingly, the most important question when searching for a key team member is to first find out what their goal is for the next 3-5 years. Then, determine whether they can achieve it with your help—and convince them of their feasibility. 5. It's clear that the goal of "working peacefully and earning a good living" isn't really a goal—which eliminates 99% of candidates. However, it's also clear that if you have the same goal, you don't have a goal either 😉 And then employees won't join you. Even if you've formulated this goal in founder terms—like "creating a billion-dollar company" 🤣 6. So, the first and foremost task of a startup founder is to find a worthy goal for themselves. To do this, you should only develop your startup in a topic that's truly interesting to you. And one that's also promising enough to allow for a good goal to emerge. 7. In short, how can you articulate what your startup intends to do in terms of a truly worthy goal?
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A good founder is more like a doctor than a pharmacist! 1. One founder shared how he turned a potential $50,000 deal into an actual $500,000 deal. Because he sold the client not what they asked for, but what they actually needed 😉 2. Client: "We need a sales coaching solution." At this point, most startups start pitching a coaching platform to the client. However, the guy asked the next question: "What are your salespeople missing?" 3. Client: "We need them to sell more aggressively." Guy: "Why are you worried about that now?" 4. Client: "Because the deal negotiation process has started dragging on for up to nine months." Guy: "Why is this becoming critical now?" 5. Client: "Because our revenue growth rate has slowed." If it's like that, we'll have to raise another round of investment at a lower valuation than before. And we'll lose millions of dollars on that!" 🥵 6. And then the guy realized that the client really needed a solution that would somehow maintain the startup's valuation at least at the same level. And he came up with just that! 7. True, it cost the client $500,000 💰 Instead of $50,000—that's how much a sales coaching platform would cost. 8. So, problems that lie on the surface are usually the cheapest. Because everyone sees them, and everyone offers solutions. So, to make real money, you need to dig deeper 9. It's practically the same as in medicine. When most people first go to the pharmacy to buy some inexpensive ointment, pill, or mixture to relieve symptoms. Although a normal doctor will always find something after examining him that will require much more expensive treatment 🤣
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Do business like Elon Musk! One guy came up with several prompts that help him see his business development options through Elon Musk's eyes. 1. What are the most fundamental elements of the current problem? 2. How can I solve the problem from scratch, removing all the assumptions I've already made? 3. What if I removed everything "the way things are"? 4. What if cost weren't an obstacle? 5. If I wanted to remove 90% of what I was planning to do, what would I keep? 6. What's truly impossible, and what only seems impossible? 7. How can I do it 10 times faster? 8. What about 1,000 or 1,000,000 times faster? 9. What could be the biggest reason for failure? 10. What would show that a breakthrough has occurred, even if it's minimal? 11. If I were to start digging into the same topic again, what would I do instead of what I'm already doing? Here are examples of all the guy's prompts and what they returned in his case: https://x.com/aigleeson/status/1994035862372536811
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