{"id":2888,"date":"2020-11-27T05:00:25","date_gmt":"2020-11-27T11:00:25","guid":{"rendered":"https:\/\/www.headwaycapital.com\/blog\/?p=2888"},"modified":"2020-11-25T11:31:39","modified_gmt":"2020-11-25T17:31:39","slug":"start-up-lessons-successful-founders","status":"publish","type":"post","link":"https:\/\/www.headwaycapital.com\/blog\/start-up-lessons-successful-founders\/","title":{"rendered":"20 Start-up Lessons from Successful Founders (and How to Apply Them)"},"content":{"rendered":"<p>Picture yourself in 20 years\u2019 time. Your start-up is now a long-established business. There were problems along the way, but you solved them and got your business stable \u2013 flourishing, even.<\/p>\n<p>One day, a wild-haired time-traveler arrives in your executive suite and offers you the chance to travel back to today. Back to a moment when your small business could go either way. What would your Future You tell your Today You?<\/p>\n<p>Of course, you don\u2019t know the answer yet. The only way to find it is to live it. Or is it?<\/p>\n<p>\u201cNothing can really prepare you for the real-life hurdles of owning a business,\u201d says <u><a href=\"https:\/\/agencyinmotion.com\/experts\/kimberly-eberl\/\" target=\"_blank\" rel=\"noopener noreferrer\">Kimberly Eberl<\/a><\/u>, founder and CEO of Motion PR. But Eberl suggests an alternative way to get the insight you need before it\u2019s too late: \u201cFind a solid mentor to coach you, introduce you to people, and bounce ideas off of.\u201d<\/p>\n<p>It\u2019s good business advice. A mentor can be your Future You. The more expertise, enthusiasm, and frankness they have, the better.<\/p>\n<p>But while you search for a mentor with the chemistry to be your personal guru, there are lots of off-the-shelf mentorships available from the big-name founders and entrepreneurs who have already been there. Experts like Eberl, whose success story began with a major setback: getting <u><a href=\"https:\/\/www.headwaycapital.com\/blog\/15-things-you-should-never-do-when-letting-employee-go\/\">fired<\/a><\/u> from a PR agency.<\/p>\n<h2><strong>The Rocky Road to Start-Up Success<\/strong><\/h2>\n<p>\u201cInstead of seeing my firing as a failure, I realized it was an opportunity to strike on my own,\u201d <u><a href=\"https:\/\/thriveglobal.com\/stories\/dont-think-of-yourself-as-a-female-leader-think-of-yourself-as-a-leader-with-kimberly-eberl\/\" target=\"_blank\" rel=\"noopener noreferrer\">says Eberl<\/a><\/u>. \u201cWith seven years of agency work behind me, I could clearly identify what I didn\u2019t like about agencies\u2026 I took great measures to ensure my focus was always imaginative and client-centric.\u201d Clients dug Eberl\u2019s approach. Motion PR made $100k in its first year. By 2019, annual revenue was in the millions.<\/p>\n<p>Absorbing advice from successful founders like Eberl will help you model your business durably for the long-haul. You need to make your model your own, even if your starting point is Steve Jobs. The Apple founder, by the way, modeled his business on \u2013 um \u2013 <u><a href=\"https:\/\/www.cnet.com\/news\/tim-cook-maintains-steve-jobs-beatles-business-model\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Beatles<\/a><\/u>? \u201cThey balanced each other, and the total was greater than the sum of the parts,\u201d said Jobs. His advice? \u201cGreat things in business are never done by one person, they&#8217;re done by a team of people.\u201d<\/p>\n<h2><strong>Learning to Learn<\/strong><\/h2>\n<p>There will never be a moment in your career when learning from the masters is inappropriate. But, while starting your start-up, it is essential to develop healthy patterns and habits. \u201cSuccess doesn\u2019t come from what you do occasionally,\u201d says B-School founder <u><a href=\"https:\/\/www.marieforleo.com\/2015\/09\/be-consistent\/?utm_campaign=coschedule&amp;utm_source=facebook_page&amp;utm_medium=Marie%20Forleo\" target=\"_blank\" rel=\"noopener noreferrer\">Marie Forleo<\/a><\/u>. \u201cIt comes from what you do consistently.\u201d<\/p>\n<p>Learning to learn every day is the best way to stay vital. And while you\u2019ll never run out of sources of learning, it can get pretty noisy with all the different wise old entrepreneurs out there. We\u2019ve gathered 20 bite-size lessons from start-up founders to help you find what you need today. Explore this collection of annotated quotes so you can take the <u><a href=\"https:\/\/www.headwaycapital.com\/blog\/how-8-companies-came-back-from-the-brink\/\">lessons learned<\/a><\/u> by the most successful CEOs and make them your own, even as you develop the unique wisdom your Future You will share.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2891\" src=\"https:\/\/www.headwaycapital.com\/blog\/wp-content\/uploads\/sites\/5\/2020\/11\/20-Startup-Lessons-from-Successful-Founders-min.png\" alt=\"20 Startup Lessons from Successful Founders\" width=\"1200\" height=\"21661\" srcset=\"https:\/\/www.headwaycapital.com\/blog\/wp-content\/uploads\/sites\/5\/2020\/11\/20-Startup-Lessons-from-Successful-Founders-min.png 1200w, https:\/\/www.headwaycapital.com\/blog\/wp-content\/uploads\/sites\/5\/2020\/11\/20-Startup-Lessons-from-Successful-Founders-min-768x13863.png 768w, https:\/\/www.headwaycapital.com\/blog\/wp-content\/uploads\/sites\/5\/2020\/11\/20-Startup-Lessons-from-Successful-Founders-min-150x2708.png 150w, https:\/\/www.headwaycapital.com\/blog\/wp-content\/uploads\/sites\/5\/2020\/11\/20-Startup-Lessons-from-Successful-Founders-min-640x11553.png 640w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Sources <\/strong><\/p>\n<ol>\n<li>GoWonder. (2020). <u><a href=\"http:\/\/letsgowonder.com\/stories-of-wonderers\/20tips-female-founder\/\" target=\"_blank\" rel=\"noopener noreferrer\">20 Tips from 20 Successful Female Founders<\/a><\/u>. <strong>letsgowonder.com <\/strong><\/li>\n<li>Michael, J. (2016). <u><a href=\"https:\/\/articles.bplans.com\/how-to-identify-your-strengths-and-weaknesses\/\" target=\"_blank\" rel=\"noopener noreferrer\">How to Identify Your Strengths and Weaknesses<\/a><\/u>. <strong>bplans.com<\/strong><\/li>\n<li>Robinson, R. (2020). <u><a href=\"https:\/\/www.personalbrandingcouncil.com\/content\/60-top-entrepreneurs-share-best-business-advice-and-tips-for-success\" target=\"_blank\" rel=\"noopener noreferrer\">60 Top Entrepreneurs Share Best Business Advice and Tips for Success<\/a><\/u>. <strong>personalbrandingcouncil.com<\/strong><\/li>\n<li>Christoff, C. (2018). <u><a href=\"https:\/\/www.business2community.com\/strategy\/how-to-decide-which-conferences-to-attend-5-pro-tips-02141497\" target=\"_blank\" rel=\"noopener noreferrer\">How to Decide Which Conferences to Attend (5 Pro Tips).<\/a><\/u> <strong>business2community.com<\/strong><\/li>\n<li>Paccione, C. (2019). <u><a href=\"https:\/\/www.motionpr.net\/female-entrepreneurs-share-startup-advice-for-women\/\" target=\"_blank\" rel=\"noopener noreferrer\">Female Entrepreneurs Share Startup Advice For Women<\/a><\/u>. <strong>motionpr.net<\/strong><\/li>\n<li>Kalish, A. (2019). <u><a href=\"https:\/\/www.themuse.com\/advice\/how-to-find-qualities-good-mentor\" target=\"_blank\" rel=\"noopener noreferrer\">7 Qualities That Make a Good Mentor (and How to Find Someone Who Has Them All)<\/a><\/u>. <strong>themuse.com<\/strong><\/li>\n<li>Stanger, M. (2012). <u><a href=\"https:\/\/www.businessinsider.com.au\/asking-for-feedback-on-your-business-2012-10\" target=\"_blank\" rel=\"noopener noreferrer\">INSTANT MBA: Don&#8217;t Solicit Feedback On Your Business Just For Validation<\/a><\/u>. <strong>businessinsider.com.au<\/strong><\/li>\n<li>Close, K. (2015). <u><a href=\"https:\/\/www.inc.com\/kerry-close\/4-lessons-from-airbnb-co-founder-on-building-your-own-company.html\" target=\"_blank\" rel=\"noopener noreferrer\">4 Things Airbnb&#8217;s Brian Chesky Thinks All Young Entrepreneurs Need to Know<\/a><\/u>. <strong>inc.com<\/strong><\/li>\n<li>Climer, A. (2015). <u><a href=\"https:\/\/climerconsulting.com\/episode-3-creative-problem-solving\/\" target=\"_blank\" rel=\"noopener noreferrer\">How to use the Creative Problem Solving Process<\/a><\/u>. <strong>climerconsulting.com<\/strong><\/li>\n<li>Foggia, L. (2018). <u><a href=\"https:\/\/uxdesign.cc\/usability-testing-what-is-it-how-to-do-it-51356e5de5d\" target=\"_blank\" rel=\"noopener noreferrer\">Usability testing: what is it and how to do it?<\/a><\/u> <strong>uxdesign.cc<\/strong><\/li>\n<li>Robinson, R. (2020). <u><a href=\"https:\/\/www.ryrob.com\/start-business-advice\/\" target=\"_blank\" rel=\"noopener noreferrer\">60 Top Entrepreneurs Share Best Business Advice and Tips for Success<\/a><\/u>. <strong>ryrob.com<\/strong><\/li>\n<li>SmartDraw. (2020). <u><a href=\"https:\/\/www.smartdraw.com\/swot-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer\">SWOT Analysis<\/a><\/u>. <strong>smartdraw.com<\/strong><\/li>\n<li>Matousek, M. (2020). <u><a href=\"https:\/\/www.businessinsider.com\/elon-musk-no-college-degree-needed-to-work-at-tesla-2019-12?r=US&amp;IR=T\">Elon Musk says you still don&#8217;t need a college degree to work at Tesla. Here&#8217;s what he looks for in job applicants instead<\/a><\/u>. <strong>businessinsider.com<\/strong><\/li>\n<li>Umoh, R. (2018). <u><a href=\"https:\/\/www.cnbc.com\/2018\/10\/09\/why-spacex-ceo-elon-musk-asks-this-tricky-interview-question.html\" target=\"_blank\" rel=\"noopener noreferrer\">Elon Musk asks this tricky interview question that most people can\u2019t answer<\/a><\/u>. <strong>cnbc.com<\/strong><\/li>\n<li>McKinnon, T. (2020). <u><a href=\"https:\/\/www.indigo9digital.com\/blog\/-jeff-bezos-quotes\" target=\"_blank\" rel=\"noopener noreferrer\">The Top 60 Jeff Bezos Quotes on Business, Innovation, Life and More<\/a><\/u>. <strong>indigo9digital.com<\/strong><\/li>\n<li>Salesforce. (2020). <u><a href=\"https:\/\/www.salesforce.com\/products\/service-cloud\/best-practices\/customer-support-teams\/\" target=\"_blank\" rel=\"noopener noreferrer\">Build a Customer Service Dream Team<\/a><\/u>. <strong>salesforce.com<\/strong><\/li>\n<li>Farber, D. (2013). <u><a href=\"https:\/\/www.cnet.com\/news\/tim-cook-maintains-steve-jobs-beatles-business-model\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tim Cook maintains Steve Jobs&#8217; Beatles business model<\/a><\/u>. <strong>cnet.com<\/strong><\/li>\n<li>Elliott, E. (2016). <u><a href=\"https:\/\/medium.com\/javascript-scene\/the-essential-guide-to-building-balanced-development-teams-b051a62acc80\" target=\"_blank\" rel=\"noopener noreferrer\">The Essential Guide to Building Balanced Development Teams<\/a><\/u>. <strong>medium.com<\/strong><\/li>\n<li>Patel, S. (2015). <u><a href=\"https:\/\/www.entrepreneur.com\/article\/242800\" target=\"_blank\" rel=\"noopener noreferrer\">10 Essential Startup Expenses, and 10 You Should Avoid<\/a><\/u>. <strong>entrepreneur.com<\/strong><\/li>\n<li>Rhodes, I. (2017). <u><a href=\"https:\/\/ecommercegrowth.co.uk\/business-storytelling\/\" target=\"_blank\" rel=\"noopener noreferrer\">Why tell a story? Allow 21 of the brightest minds in marketing to explain<\/a><\/u>. <strong>ecommercegrowth.co.uk<\/strong><\/li>\n<li>Patel, N. (2020). <u><a href=\"https:\/\/neilpatel.com\/blog\/create-authentic-brand-story\/\" target=\"_blank\" rel=\"noopener noreferrer\">How to Create an Authentic Brand Story that Actually Improves Trust<\/a><\/u>. <strong>neilpatel.com<\/strong><\/li>\n<li>Morris, T., Tomasi, C. (2017). Podcasting for Dummies (3rd Edition). <strong>John Wiley &amp; Sons<\/strong><\/li>\n<li>Umoh, R. (2017). <u><a href=\"https:\/\/www.cnbc.com\/2017\/12\/06\/arianna-huffington-became-successful-after-doing-these-4-things.html\" target=\"_blank\" rel=\"noopener noreferrer\">Arianna Huffington says she became successful after she started doing 4 simple things every day<\/a><\/u>. <strong>cnbc.com<\/strong><\/li>\n<li>Erts, N. (2016). <u><a href=\"https:\/\/blog.cake.hr\/top-50-team-building-games-employees-love-play\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top 50 Team-Building Games that Your Employees Would Love to Play<\/a><\/u>. <strong>cake.hr <\/strong><\/li>\n<li>Leadem, R. (2017). <u><a href=\"https:\/\/www.entrepreneur.com\/slideshow\/290765\" target=\"_blank\" rel=\"noopener noreferrer\">12 Quotes From Google&#8217;s Larry Page on Drive, Success, Creativity and Hard Work<\/a><\/u>. <strong>entrepreneur.com<\/strong><\/li>\n<li>Mann, A. (2017). <u><a href=\"https:\/\/jobs.natwestgroup.com\/posts\/5-top-tips-for-creating-an-effective-pdp\" target=\"_blank\" rel=\"noopener noreferrer\">5 top tips for creating an effective PDP<\/a><\/u>. <strong>natwestgroup.com<\/strong><\/li>\n<li>Meah, A. (2018). <u><a href=\"https:\/\/www.awakenthegreatnesswithin.com\/35-inspirational-marie-forleo-quotes-on-success\/\" target=\"_blank\" rel=\"noopener noreferrer\">35 Inspirational Marie Forleo Quotes On Success<\/a><\/u>. <strong>awakenthegreatnesswithin.com<\/strong><\/li>\n<li>Lau, V. (2020). <u><a href=\"https:\/\/medium.com\/mind-cafe\/how-i-chunk-tasks-together-to-improve-my-health-time-and-productivity-430495dce507\" target=\"_blank\" rel=\"noopener noreferrer\">How I Chunk Tasks Together to Improve My Health, Time and Productivity<\/a><\/u>. <strong>Medium.com<\/strong><\/li>\n<li>Gregory, A. (2019). <u><a href=\"https:\/\/www.thebalancesmb.com\/smart-goal-setting-worksheet-2951828\" target=\"_blank\" rel=\"noopener noreferrer\">SMART Goal Setting Tips for Small Business Owners<\/a><\/u>. <strong>thebalancesmb.com<\/strong><\/li>\n<li>Dormon, C. (2019). <u><a href=\"https:\/\/whateveryourdose.com\/meet-classpass-founder-payal-kadakia-2\/\" target=\"_blank\" rel=\"noopener noreferrer\">Meet ClassPass Founder Payal Kadakia<\/a><\/u>. <strong>whateveryourdose.com<\/strong><\/li>\n<li>SmartSheet. (2020). <u><a href=\"https:\/\/www.smartsheet.com\/free-time-management-templates\" target=\"_blank\" rel=\"noopener noreferrer\">28 Free Time Management Templates<\/a><\/u>. <strong>smartsheet.com<\/strong><\/li>\n<li>TalkRoute. (2020). <u><a href=\"https:\/\/talkroute.com\/12-tips-to-grow-home-business\/\" target=\"_blank\" rel=\"noopener noreferrer\">12 Tips from Experts on How to Grow Your Home Business<\/a><\/u>. <strong>talkroute.com<\/strong><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Picture yourself in 20 years\u2019 time. Your start-up is now a long-established business. There were problems along the way, but &#8230;<\/p>\n","protected":false},"author":16,"featured_media":2890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[614,610],"tags":[],"class_list":["post-2888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-marketing-growth"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>20 Start-up Lessons from Successful Founders (and How to Apply Them) - Headway Capital Blog<\/title>\n<meta name=\"description\" content=\"Need inspiration for your small business? 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