Thread by @cosmosiris

10 priceless startup lessons I learned from my mentors:

#1 The foundations and vision

The best startups know precisely what they want to achieve:

• Who they want to help
• The story they want to share
• The message they want to put out

It's easier said than done... But it's a process with constant improvement.

#2 Flexibility

When Amazon started, they were a bookstore.

When Netflix started, they were a DVD rental company.

👆 The best startups are flexible because the markets and people change.

#3 Company Culture

Every company is different.

The important part is knowing what your company culture should look like.

This helps you:

1. Set the tone
2. Hire the right employees
3. Improve communication.

#4 Don't try to do too much at once

You can achieve anything. But you can't do everything at once.

Many successful startups focus on small market and then expand afterward.

#5 Hiring

We all know hiring is one of the most important aspects of startups.

Tips I learned from my mentors to improve the hiring process:

#5a.)

1. Find employees that fit your company culture and energy

2. Look for employees with an initiative that are passionate or determined to work.

3. In the early stages, look for employees with secondary skills to help with flexibility.

#6. Unbiased hiring

There are many studies that show how hiring processes can be unintentionally biased.

Recognizing this gives us more opportunities to find top talent.

#7 The right balance

Startups have several departments:

• HR
• Product
• Marketing
• Support
• Finance

They are all equally important. Yes, some products need less marketing or vice versa, but it’s about finding a balance.

#8 Customer-first approach

At the end of the day, your startup is in the hands of your customers.

That's why I believe the best startups always think with the customer in mind first.

#9 Collaboration

The quickest way to grow and build a brand is by collaborating and partnering with similar brands.

✅ It builds trust
✅ It builds valuable relationships
✅ It exposes you to a bigger audience

#10 Support circle

Every startup runs into problems.

The best ones have a support circle that can help them fix problems quickly.

Build relationships with:

- Founders
- Influencers
- Subject Experts

11. I hope you have enjoyed this thread.

For more content like this, follow me here:

@cosmosiris

I'd appreciate a RT too! 🙏🏾

https://twitter.com/cosmosiris/status/1573598122973995009

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