I’m about 2/3rds of the way through the book but have already gotten so much out of it. If you have not read it yet, I highly recommend it no matter where you are in your entrepreneurial journey.
#BuildInPublic#Business#Entrepreneur#Solopreneur
As a starting dev entrepreneur, I’ve quickly realized that building for me is not a problem, especially now with AI. Business, distribution and marketing however… those are my true hurdles. For this reason I’ve been spending more time on reading and learning about these than coding.
Currently I’m reading Traction by @GinoWickman . This is essentially a playbook for running a business. Although it’s mainly intended for founders of already established small to mid sized businesses, I’ve been applying some of the excercises in my processes now and it’s really helping me build a system that I’m sure will help me create a stable foundation for a successful business and help me avoid many mistakes early on.
Some of the more valuable things I’ve learned so far are:
Issues:
Businesses tend to put off issues and prolong addressing them. We as individuals and entrepreneurs do too.
The issues we fear the most are the ones we should start addressing immediately.
Also, issues require decisions. Make every decision as though you are already achieving your vision. (This one struck something in me).
And any decision is better than no decision.
Data:
Many entrepreneurs are running fast and blind with not really keeping track of any metrics, or keeping track of the wrong ones, especially early on. But as the old saying goes, anything that is measured and watched is improved.
Wickman’s EOS (“Entrepreneurial Operating System”) suggests keeping a weekly scoreboard of measurable, important metrics for your growth that tie directly to your 10-year, 3-year, 1-year, and 90 day goals which fall in line with your Vision.
Starting out for me, these are things like number of useful content published on X, followers acquired, items from my 90-day goals completed, etc.
People:
The book emphasizes the importance of surrounding yourself with people and creating a team that understands and shares your vision. This is the key to a successful team. I’m currently a solopreneur but I’m sure when I’m ready to expand this will be a major factor in bringing others along the ride.
Vision:
You need to have a clear, defined vision of where you want to go. This will help you better make decisions and know where and what to invest your time in. For example, my vision is:
To build a successful lifestyle business that will give me the flexibility and financial freedom to live life to the fullest and help others.