EPISODE · Nov 27, 2024 · 25 MIN
How to Learn from Failures
from No Followers Podcast: for Inventors, Builders, Entrepreneurs · host No Followers
Learning From your Failures Taking chances you will have some swings and misses. ** A team is the most important part of your business. ** Most people starting out don't have a team. ** Just go on Shark Tank. ** My flagship product took 5 years to get to market. ** No one will work on my idea as good as I will. ** The perfect is the enemy of the good. ** Knowing what you are good at. ** A self-assessment and reevaluation. ** Being honest with yourself. ** I love saying no to people. ** Don't add too many people to your team. ** We like to build companies on royalty models and sales. ** What you need help with. ** People always want to make a lawyer their partner. ** Leap of faith. ** Risk profile assessment. ** No product design is 100% correct from the start. ** What every inventor gets wrong. ** I have a lot of failures. ** Always looking for that magic. ** Everyone's opinion is not valid or equal. ** The market doesn't know what you're doing. ** We love advisory boards. ** T recommends the book "Range" by David Epstein. ** An academic is set up to be a specialist. ** HR hires the person, not the skill set. ** It's like having four different brains. ** I'm a numbers guy. ** Common mistakes everyone makes. ** What's your real market. ** Not everyone is your customer. Sponsor This Podcast
What this episode covers
Learning From your Failures Taking chances you will have some swings and misses. ** A team is the most important part of your business. ** Most people starting out don't have a team. ** Just go on Shark Tank. ** My flagship product took 5 years to get to market. ** No one will work on my idea as good as I will. ** The perfect is the enemy of the good. ** Knowing what you are good at. ** A self-assessment and reevaluation. ** Being honest with yourself. ** I love saying no to people. ** Don't add too many people to your team. ** We like to build companies on royalty models and sales. ** What you need help with. ** People always want to make a lawyer their partner. ** Leap of faith. ** Risk profile assessment. ** No product design is 100% correct from the start. ** What every inventor gets wrong. ** I have a lot of failures. ** Always looking for that magic. ** Everyone's opinion is not valid or equal. ** The market doesn't know what you're doing. ** We love advisory boards. ** T recommends the book "Range" by David Epstein. ** An academic is set up to be a specialist. ** HR hires the person, not the skill set. ** It's like having four different brains. ** I'm a numbers guy. ** Common mistakes everyone makes. ** What's your real market. ** Not everyone is your customer. Sponsor This Podcast
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How to Learn from Failures
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