What's one niche tip you can give to a first time founder?

Question

Don't state the obvious!

Accepted Answer

Get crystal clear on who your ideal customer is and the specific problem your product solves for them. Go deep researching their needs, pain points, and how they talk about the problem. Obsess over product-market fit before anything else. Don't get distracted building features they don't really need.

Mileva · Answer

Remember, founder: sleep is like funding—essential, often elusive, and you'll always wish you had more of it! 😁

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A niche tip for a first-time founder is to prioritize building strong relationships with early customers or users. Engage deeply with them to understand their needs, pain points, and how your product or service can truly add value to their lives. This direct feedback loop can provide invaluable insights for refining your offering and gaining traction in the market.

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I’d recommend focusing on solving a specific problem really well rather than trying to address multiple issues at once. It helps to build a strong foundation

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i think its  crucial to validate your idea with real users as early as possible. Feedback from your target audience can guide you in refining your product effectively.

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I suggest keeping a close eye on your cash flow and managing your finances carefully. It’s easy to underestimate expenses and overestimate income in the early stages.

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I’d advise building a strong network of mentors and advisors who can provide guidance and support. Their experience can be invaluable as you navigate challenges.

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I think prioritizing customer feedback and iterating quickly based on it can help you stay aligned with market needs and improve your product.

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I’d recommend investing time in building a strong brand and understanding your target market. A clear brand identity can set you apart and attract the right audience.

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I’d recommend focusing on creating a minimum viable product (MVP) to test your ideas and gather feedback without investing too much time and resources upfront.

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I find it helpful to set clear, achievable goals and milestones for your startup. It keeps you focused and motivated as you work towards building your business.

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I’d suggest surrounding yourself with a passionate and talented team. Having the right people on board can make a huge difference in executing your vision

Gillian Laging · Answer

Runway is everything - but don't think only in terms of cash.
Consider your mental health runway too. Be pragmatic about the time you can put in especially in the early days - it may feel like it's 'all or nothing' now. In actual fact, it's all or nothing once you've got traction. 
The last thing you want to do is let users down, so don't burn yourself before you've even reached the start line.

Answer

I think it’s important to stay flexible and be willing to pivot if needed. The ability to adapt to changing circumstances can be crucial for long-term success.

What's one niche tip you can give to a first time founder?

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