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Running a business is possibly one of the hardest things a person can do in their life. It’s the culmination of every skill and discipline all wrapped into a journey of ups and downs and all arounds. We’ve learned a lot in the last few years running Lion’s Share and we’ve put together a list of tips we wish someone had shared with us when we were first getting started.

  1. Your team is everything.
  2. Solve a problem you are passionate about.
  3. Never outsource your core competency.
  4. Be c̶h̶e̶a̶p̶ lean but don’t be afraid to spend.
  5. Chase the vision, not the money.
  6. Never eat lunch alone. Always be closing.
  7. Ideas are worth sh*t. Execution is key.
  8. Don’t take momentum for granted.
  9. Learn to monetize from the get-go. [cue Notorious BIG – Get Money]
  10. Set S.M.A.R.T. goals.
  11. Focus. It’s easy to get carried away with multiple projects.
  12. Stay uncomfortable.
  13. Be metrics driven. You can’t improve what you can’t measure.
  14. Not everything your customers want is what they need. Learn to read between the lines to really get at the problem.
  15. Consistently seek out constructive feedback.
  16. Know your competitive advantage and stay obsessed over your competitors and the industry.
  17. Be a thought leader in the space.
  18. Move quickly.
  19. Talk is cheap. Deliver instead.
  20. Focus on customer service. Word of mouth is the easiest form of marketing.
  21. Make something that you know people want.
  22. Place a premium on aptitude versus experience.
  23. Learn to say no (respectfully).
  24. Trust your gut.
  25. If things aren’t working, ask yourself why and change that. ( This sounds simple. Eh ? Still most of the people don’t do )
  26. Hire people smarter than you. 😉
  27. As a founder, you set the tone for others. Don’t forget that.
  28. Don’t be afraid to ask for help!
  29. Make deliberate decisions.
  30. Don’t lose sight of close friends and family. You don’t need to be a hermit just because you work a lot.
  31. Don’t micro-manage.
  32. Start with “why?”
  33. Bring out the greatness in those around you.
  34. It’s better to own a smaller piece of a bigger pie than a bigger piece of a smaller pie.
  35. Be humble.
  36. Utilize your calendar and tasks to the max.
  37. Tackle your most daunting tasks in the morning. Save the easier stuff for later. ( this simple habit has helped me a lot )
  38. Read often. ( Plenty of online and offline quality content are available. I would recommend a book : $100 start up )
  39. Workout at least 4 times a week. Body and mind are one. Oh yeah, and get your sleep too. ( Yoga, Cardio and Light body weight exercises are sufficient. You don’t need to spend on a gym )
  40. Be authentic and transparent. ( May not give the result immediately. It helps in long run )
  41. You will hit hurdles, push through and get ready for the next. Stay optimistic.
  42. Ask questions.
  43. Nobody should have a personal office. Open floor plans allow best for collaboration.
  44. You have 2 ears and 1 mouth. You should listen more than you talk.
  45. Culture is crucial. Your employees should want to stay late and hangout.
  46. Sell value, not products.
  47. Always have an attorney glance over any legal documents. Speaking of, document everything so there is a record for all parties.
  48. There is no such thing a ‘part-time entrepreneur.’ 🙂
  49. Learn to move on if you’ve exhausted all efforts. Be honest with yourself.
  50. Have fun!

We’d love to hear your thoughts. Anything else you’d add to this list? For more resources, check out our post about top business books to read.

Jesse Brede

About Jesse Brede

Jesse Brede is the founder of Lion's Share Digital, an Austin Web Design firm. His passion is helping people accomplish their goals and live their dreams. He is also the founder of Gravitas Recordings, Gravitas Create and Pivotal Talent Agency

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