Satish Gaire is a founder of multiple SaaS companies in various industries. He is well known for his contribution to Podcasting industry via his podcasting platform : Podmio. These are his 5 valuable tips for every startup founder he shared via Skype interview.
A lot of startup founders start their company expecting that their business will bring in millions on the first year. While, it’s possible for a seasoned founder or you have proper connection, but for most startup founders, this is not happening.
Instead, Satish Gaire, states that, founders should focus on growing their user base & reinvest everything they make back into marketing to focus on their goals.
It might be your first temptation to find a Venture Capitalist or investor for your startup, but try if you can bootstrap it yourself because when you involve third party. You have to give up a lot of control on how the company will grow & it may not go with your principles.
Satish Mentions: Ask your family or even take out a personal loan before involving third party.
First time entrepreneurs are really vulnerable misunderstanding & breakup when they are founding their new startup. Satish Gaire advises that founders have a talk with their loved ones what they are doing and what responsibilities they have, so they get the support they want from their family.
The last thing you want is to come home & have to deal with relationship issues.
No matter if your startup is a success or not. You will have learned a lot of valuable lessons that will help you establish your next business or even use it at your “JOB”, if you decide to go that route.
Satish Gaire says, ” At the end of the day, your momma still loves you & everything will be fine.