ep 07: 10 fatal commandments of building a startup

07: 10 Important Lessons For Building A Startup

More of a visual person? Watch this episode with the slides below.

In this episode we’ll discuss the 10 most important guidelines to follow when you’re building any new startup.

Now, a startup is not the same thing as a small business.

A Startup is a human institution designed to create a new product or service under conditions of extreme uncertainty.” – Eric Ries, author of The Lean Startup.

The aim of a startup is to GROW as fast as possible.

Buzinga was a startup once, and we learnt quickly what decisions would be fatal, and which would help us grow to where we are today.

In this episode I’ll cover:

How to survive the startup phase, in 10 fatal commandments:

  1. Thou shall not build a unicorn
  2. Thou shall not focus on revenue first
  3. Thou shall not lack the ability to pivot
  4. Thou shall not be a lone warrior
  5. Thou shall not hire the wrong people
  6. Thou shall not launch at the wrong time
  7. Thou shall not startup without a plan
  8. Thou shall not mishandle finances
  9. Thou shall not think too small
  10. Thou shall not ignore hunches

Resources mentioned in this episode:

10 Successful App Pivots You Won’t Recognise From Their First Versions

Why We Chose Company Culture As Our Growth Strategy.

The 1 page, 20 Minute Business Plan For Startups

How To Perform Competitive Analysis On Apps

5 Steps To Becoming A Key Person Of Influence In Your Startup Niche

The 2 Forgotten Secrets to Startup Success

5 Lessons Every Startup Entrepreneur Must Learn

Hope you enjoy these little nuggets of wisdom! Let me know any suggestions in the comments.

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Where to go next

Listen to episode 6: 5 Low Hanging Fruits That Will Skyrocket Your Mobile App Marketing

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Logan Merrick is the co-founder and Director of Buzinga, as well as one of Australia's most recognised entrepreneurs, keynote speakers, investors and mentors. His writing on startups, technology and mobile marketing has been featured in The Australian, Business Insider, Startup Smart, Smart Company, and more.