Post on 17-Oct-2014
description
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Mistakes & lessons learned10
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MISTAKE #1
Developing an app that could not be used very
often.
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LESSON LEARNED
Build something that engages the users every day.
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MISTAKE #2
Developing the product through a web consultant.
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LESSON LEARNED
Consultant hours are expensive, especially when you develop your product month after month.
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MISTAKE #3
Not speaking about the business idea, afraid that someone should steal it.
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LESSON LEARNED
A business idea is nothing.
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MISTAKE #4
Trying to do everything - just to secure
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LESSON LEARNED
Don’t be anxious!
Do your thing, and only your thing, and do it best!
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MISTAKE #5
Designing and developing without structure or
deadlines.
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LESSON LEARNED
It’s tricky to run without roads.
Use deadlines and a project management tool.
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MISTAKE #6
Doing new features- every week.
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LESSON LEARNED
Slow down, analyze and try to achieve high quality instead.
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MISTAKE #7
”The company will not survive without me”
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LESSON LEARNED
Yes, it will.
Divide tasks and responsibilities between you and your partner.
Your Co-founder can for sure handle things without you.
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MISTAKE #8
Misjudging the time and effort needed for working
with funding.
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LESSON LEARNED
To get funding is a full-time job!
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MISTAKE #9
Not taking references on employees.
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LESSON LEARNED
First impression could be wrong.
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MISTAKE #10
Not killing your darlings. Even if they are killing the
mojo.
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LESSON LEARNED
Don’t keep things just because you have invested a lot of time.
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Our keys to success
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OUR KEYS TO SUCCESS
Super motivated team - We all love what we are doing.
Running fast - We will never stop running.
A good product with a super easy business model.
Curiosity and humility.
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Alexandra BylundTwitter: alexandrabylundLinkedin: alexandrabylundFoap: alexandrabylundInstagram: alexandrabylundMail: alexandra@foap.comPhone: +46-733-300205
Thank you!
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