StartUp Founders: Create A Foundation For The Long Haul
StartUp Consultant James Sinclair believes that being a startup founder requires a certain level of impatience. Founders want to get to their goals faster, better, and quicker. However, Sinclair emphasizes that building a successful startup is a long game that can take four to ten years to achieve.
Passion is key when it comes to creating a startup. Founders need to be passionate about the industry they are entering and the people they are serving. This passion is what will help them push through the dark times, the dark days, and the moments when they don’t have enough money. It is the excitement for the industry and the people they are serving that will get them through the long haul.
In execution, Sinclair advises startup founders to be fast but patient in their results. Building a solid foundation takes time, and founders need to do everything they can now to build a foundation that they can build on for the next four, six, eight, or ten years. Sinclair encourages startup founders to be humble enough to understand that it takes time to build a successful startup.
Passion and excitement for the industry and the people being served are essential ingredients to keep the founder going. Another industry expert, Tim Fargo, founder of Social Jukebox, shares similar sentiments. He says, “If you don’t have passion and enthusiasm for what you’re doing, you won’t be able to bring the energy necessary to succeed. Without energy, you can’t get anything done.”
In summary, Sinclair’s advice to startup founders is to have passion and excitement for the industry and the people being served, to be fast in execution but patient in results, and to build a solid foundation that can be built on for years to come. It is essential to remember that building a successful startup is a long game, and founders need to have the drive and passion to see it through to the end.