Sometimes the best lessons of business success come from the trenches.
What does it really take to build a successful startup? Entrepreneurs aren’t always able to genuine identify the factors behind their success. Sometimes the real magic happens in the trenches beyond the purview of the founder.
Yevgeniy Brikman has worked “in the trenches” of two successful startups—LinkedIn and TripAdvisor—and based on those experiences has developed his own insights for startup success. Brikman presented these insights in a presentation available on SlideShare. It’s over 100 slides long but well worth the time to see it. He sums up the key factors to startup success in six key points, including:
- Make excellent mistakes. Even the most successful startups and entrepreneurs have been plagued by multiple failures before they achieved success. Expect this and plan for it.
- Be speedy. Knowing that you will have to go through many failures before achieving success, the faster you can get to the failures (to correct them), the likelier you are to succeed.
- If you can’t measure it, you can’t fix it. The only way to improve upon early versions of your product is to know what’s wrong with it. It’s important to have quantifiable metrics that will help you identify what isn’t working.
About Mike Periu
Mike is a seasoned executive with experience in small business finance and management. He is the founder of Proximo, LLC a leading provider of corporate, consumer and small business education and training services with an emphasis on finance and technology.
Mike Periu is also a leading national voice for individual empowerment through financial education and entrepreneurship. He has been interviewed over 500 times in national and international media, including NBC, Univision, CNN en español, Telemundo, HITN, TVE, RTE, SBS, MegaTV and others.
Mike writes regularly for American Express OpenForum, Yahoo! Finanzas and is a Huffington Post contributor.
Mike has degrees in Finance and International Business from Georgetown University. He is on the Board of Directors of the Council for Economic Education and was a Fellow at the Kauffman Foundation’s Labs for Enterprise Creation.
