Being a good listener is one of the most important attributes you can have as an entrepreneur. You need to heed some (but definitely not all) of the advice given to you by advisors/mentors/investors, as well as take on feedback from your customers and users. It is also essential to listen to some of the ideas your team and employees come up with – if you don’t listen properly, you will regret it days/weeks/months down the line when things begin to unravel beneath your feet.
Up until this point, I hadn’t formally resigned because my place on the NEF programme had not yet been guaranteed (I outline in [IV] The NEF Application Process that, should you go the host company route, you need to have both an offer from NEF and an offer from a host company before you get admitted).
Working in (or running) an early-stage startup can be one of the most volatile experiences of your life. The mixture of monumental highs
assuming that you’re somewhere on the right path combined with depressing lows is quite unique in a career/lifestyle. There will be times where you question your self-belief and wonder why you are doing what you are doing. Your resilience is an important factor in helping you bounce back, so it is good to have an understanding of what helps keep you strong.
Having spent a while thinking about this, I had decided that my immediate future lay in the world of start-ups and entrepreneurship. There were two key things that I thought I lacked:
- A great business idea – I wanted to solve a big problem and have a positive impact
- A great support network – I would need co-founders, help with inevitable issues, and excellent employees