Categories
Entrepreneurship

How to Learn to be Bold?

I was recently asked in an interview how did I learn to be bold.

This quote describes my philosophy the best: 👇

“Fear is temporary, but regret lasts forever.”

Take a plunge.

Categories
Entrepreneurship

Phases of an Entrepreneur: Creator, Critic, and Crusader

There are 3 phases of an entrepreneur (3 Cs): Creator, Critic, and Crusader.

I learned this insight from Daniel Lubetzky, the founder of Kind Bars while watching Shark Tank some time ago.

The insight was so crisp and clear that it stuck with me.

Recently I shared it with a friend who’s a co-founder at a startup, so thought I should share it with a larger audience.

Let’s understand what are these 3 phases:

In the “Creative” phase, entrepreneurs are in the creative mindset – brainstorming, ideating, and then creating a solution for the problem they have been facing for a while.

In the “Critic” phase, entrepreneurs need to be the biggest critic of their idea, execution, plan, etc. They need to play devil’s advocate and try to poke holes in their vision, plan, or execution in order to create the best product and company.

IMO, this is one of the most important phases, but most entrepreneurs miss it.

And in the “Crusader” phase, entrepreneurs have a solid plan and execution, so they can be passionate crusaders of their cause to create a movement.

While this was shared in the context of entrepreneurship, I believe we can apply this perspective to pretty much all professions.

You can be an engineer, a salesperson, a marketer, or a leader – we all need to evolve through these 3 phases.

We all need to be creative to identify problems in our environment and come up with unique solutions.

We need to be the best critic of ourselves to make sure our plan and execution are strong.

And then eventually we all need to be a crusader to influence people to follow our cause and plan.

Hope this would help you identify in which phase you’re in, and it becomes a guiding post, what’s your next phase is going to be.

Categories
Entrepreneurship Philosophy Productivity Startup

About Making Progress In Life

Practice trumps theory.

Execution trumps planning.

Action trumps thinking.

Doing trumps learning.

Writing trumps reading.

Playing trumps watching.

Creating trumps consuming.

Categories
Entrepreneurship Productivity Startup

Bias for Action

Amazon had popularized this leadership principle called “bias for action.”

I find it is not only valuable for leaders at a strategic level, but also extremely useful for individual contributors on a day to day execution level.

Speed is your biggest weapon as an early-stage startup – especially in competitive and hyper-growth businesses.

Many decisions and actions are reversible and do not need extensive thinking.

Having a bias for action means you’re not afraid to make decisions and take action, even when you face uncertainty.

The first step to develop a bias for action is to simply put down your thoughts into some document.

Write down any fact, question, concern, idea, or task that you are thinking about.

Once you write down the first sentence, writing down the next one becomes comparatively easier.

The more you write down, the more clarity you get, and the path for execution becomes clear and easier.

Every single time, when we are brainstorming new initiatives, and when things get all overwhelming, I’ve seen writing things down has worked like a charm.

That’s when I realized, “bias for action” is not some fancy leadership principle that I need to learn.

It simply starts with writing down the first sentence.

Categories
Entrepreneurship Philosophy Startup

Advice

The purpose of reading and hearing someone’s advice is not the advice itself. 🗣

Most of the time, you already know that advice. 🤷‍♂️

It’s the reminding aspect of it is the most important. 🎗

Most people usually only remember less than 25% of the things they read or hear. 🧠

So it’s not enough we read or hear any advice once or even a few times for that matter.

We need to hear it again and again until it becomes our belief and habit. 😇

That’s why – don’t discard any advice thinking that it’s an old one, and you already knew it.

Instead, be open to read or hear it again as a gentle reminder. 👀👂

Categories
Entrepreneurship Philosophy

Work Hard, Not Just Smart

They say, work “smart” not “hard”.

The reality is – smart work is the fruit of a lot of hard work.

Hard work is how you become knowledgeable about lots of areas and an expert in a few areas to make better decisions for smart work.

Categories
Entrepreneurship Philosophy

If You Haven’t Won Yet

Believe that you will always win in the end.

If you haven’t won yet, it’s hasn’t ended yet.

Keep fighting!

Categories
Entrepreneurship Startup

The Only Right Reason To Do a Startup

There is only one right reason to do a startup:

You fall in love with your customer’s problem.

Everything else is a distraction.

Categories
Entrepreneurship SaaS Sales Startup

Predictable Salesperson

You have probably heard of Predictable Pipeline and Predictable Revenue.

But have you heard of Predictable Salesperson?

It’s the one who builds the Predictable Pipeline to deliver the Predictable Revenue.

Predictable Salesperson believes in – “You are what you repeatedly do. Excellence, then, is not an act, but a habit.”

She believes – how you choose to live your days is how you choose to live your life.

She’s putting in the time and effort every day to reach the success she truly wants.

She’s skipping binge-watching the new series because she’s working towards something bigger.

These are the decisions that define who a Predictable Salesperson is and how successful they become as a sales professional.

It’s about daily habits, not about the end goals.

How do you become a Predictable Salesperson?

Create a repeatable process for yourself that you can do every single day without fail.

Focus on actions you control rather than putting all the pressure on results that might not come.

Categories
Entrepreneurship SaaS Sales Startup

“Maybe” Is Not The Worst Response In Sales Anymore

The common adage in Sales is “maybe” is the worst response you could get from the prospect.

It’s better to get “no” than “maybe”.

“Maybe” is a land of hope. Reps shouldn’t waste time there and instead seek “no” and chase new opportunities.

But is it still true with the modern B2B and SaaS buying behavior?

With the power of buying is shifting to buyers, are Sales reps being forced to be very transactional?

Your prospects might have other burning fires going right now. Sometimes the need is there, but the timing is not right.

They’re getting the job done just fine right now. But the need could go stronger as their world evolves.

Just because it’s a “maybe” right now, it’s not a “no” in the future.

“You can’t turn a no to a yes without a maybe in between.” – Francis Underwood

What should Sales reps do when they get “maybe”s?

• List down the most common objections that cause your prospects to answer with a “maybe”.
• Educate sales reps to approach these objections with new sense of purpose and respect the buyer’s world.
• Craft an outreach email campaign to stay on “top of mind” and provide continuous education value.

And eventually when their need becomes stronger, their “maybe” will turn into a “yes”.