BeomyTech’s Post

Startups are exhilarating, but they’re not meant to stay in startup mode forever. As your company grows, it's crucial to understand what phase you’re in and where you should be based on the maturity level of your business. When you're a two-year-old company, everything is iterative, open for discussion, and often fly by the seat of your pants. It’s fun and wild. But just like human development, companies can’t stay in toddler mode forever. We at Grid151® collectively recognized that this year is all about going to market. Our companies have followed a clear lifecycle: Year one was about building, year two was dedicated to beta testing, and year three was focused on taking our products to market and driving adoption. Our approach has been straightforward and hands-on: Meet people, have conversations, and hustle. But this hustle isn't just for now; it’s part of a larger plan. While startup mode is exciting and full of energy, it's not sustainable forever. We’ve spent a lot of time reflecting on the lifecycle of Grid151® and where we should be. At some point, you need to grow up: take stock of where your company is as opposed to where it should be. For instance, are you still operating as if you’re in building mode when you’re actually in growth mode? Growing up doesn't mean losing our entrepreneurial spirit, creativity, or openness to new ideas, but it does mean becoming more structured and mature. For Grid151, in year three, this means implementing processes and systems that allow us to scale efficiently. We’re developing sales processes and operational procedures that enable us to add new team members and clients quickly and effectively. This maturity is essential for our growth. By taking stock of where we are and where we’re going, we’re better able to stay agile while implementing the necessary structures to support our long-term vision.

Remember when you were a kid and just wanted to be a teenager? You counted down the days until 13 rolled around, then 16, then 18…and let’s not forget about that magical number 21. You were in a hurry to grow up fast! I see this same situation again and again with startups. How does this play out? Overarchitecting, over-tooling, creating unnecessary processes, and much much more. Build for the phase you are currently in and the phase you will be entering. As counterintuitive as this may be, do not build operations for the company you will be in 2-5 years. Build for now, build for the next couple of quarters, but do not build for multiple years out. Doing so can create unnecessary bottlenecks and greatly slow you down! To be clear, I am not advising that you don’t have a longer-term plan or vision. I am also not recommending you have no tools or processes. I am saying you have to balance it all out and know what you need and when. Right size your operations for the stage your company is in. Three things that you’ll always have a shortage of in startups are: time, resources, and money. Be a staunch guardian of these three things. They are in short supply (especially these days), and you’ll want to use them wisely. Disclaimer: This advice applies mostly to early and growth-stage startups. Once you’re larger, your operations become more stable and predictable (hopefully).

5 lessons learned from a failed startup 1. Until what you're building is in front of people it is an idea and nothing more Ship fast, ship often, ship anything. Momentum is a tangible force when building a startup. The only way to keep that spark alive in your team is by releasing your versions to real, unbiased potential users. 2. Build solutions, not products Focus on solving a problem instead of just packaging a product as a potential solution. Your idea needs scrutiny to grow stronger. Put it in front of people and let them challenge it. Nothing good, effective, or useful is ever built with a fragile ego. 3. Try to do everything yourself before hiring anyone If you're not wireframing, attempting to create a landing page, or tackling the gritty tasks required to build your startup BEFORE outsourcing, you don't care enough about what you're building 4. A bigger team DOES NOT indicate success You might think having a large team signals to everyone that you, as a founder, are successful. However, it might be nothing more than ego gratification. When you give away equity, ensure that each hire brings unique value to the table 5. Stop chasing validation We're all guilty of wanting anything that makes us (and others around us) think we're moving the needle when we truly aren't. Ironically, many are so preoccupied with trying to get noticed that they fail to do the one thing that would actually get them attention: what you learn form fail startup ? #startup #founder #marketing

In this second blog of #TheStartupJourney series by Actify Business, we will delve into turning startup ideas into action and the benefits that come with them. Startups can be overwhelming at first, but once you get the hang of it, things become simpler over time. The foundation of a successful startup depends on what and how you want your startup to be. Picking a clear niche and sticking to it while exploring ideas that align with your long-term goals can be beneficial in the future. Here is a simple guide to help you build your successful startup from scratch: Simple Guide to Building Your Successful Startup 🚀 1. Look Out for the Pain Point 🔍   - Identify a problem that your startup can resolve. This is the first step to creating a solution that matters. 2. Market Research 📊   - Determine if there is a demand for the solution you are providing. Understanding the market is crucial for your startup's success. 3. Building Foundation 🛠️   - Prepare a roadmap for your startup. This includes setting clear goals, timelines, and milestones to guide your progress. 4. Know Your Audience 👥   - Understand who your target audience is. Knowing your customers will help you tailor your product to meet their needs. 5. Build the Product 🏗️   - Create a product that can be sold. Don’t aim for perfection initially; focus on building a minimum viable product (MVP) that you can improve over time. 6. Assemble a Dream Team 👩💻   - Build a team that is as passionate about your startup as you are. A strong, dedicated team is essential for success. 7. Secure Funds 💰   - Identify where to get the funds and pitch your idea to potential investors. Funding is critical to getting your startup off the ground. 8. Spread the Word 📣   - Plan your marketing and sales strategies. Effective marketing will help you reach your target audience and generate sales. 9. Embrace and Adapt 🔄   - Understand feedback and be willing to adapt. Flexibility and responsiveness to change are key to sustaining your startup. 10. Celebrate Milestones 🎉   - Celebrate even the small successes to boost morale and motivation for yourself and your team. Remember: Building a successful startup takes time, perseverance, and a willingness to learn. This guide provides a foundation, but stay curious, keep learning, and never stop innovating. Good luck! 🌟

"The 18 Mistakes That Kill Startups" by @Paul Graham , distilled: 1) Single Founder: Startups are less likely to succeed if founded by one person due to a lack of diverse input and support. 2) Bad Location: Startups thrive in specific locations where expertise and supportive ecosystems exist. 3)Marginal Niche: Choosing a small, obscure niche can hinder a startup's potential for significant impact and growth. 4) Derivative Idea: Imitating existing companies often fails; successful startups solve unique, unsolved problems. 5) Obstinacy: Stubbornly sticking to an initial idea without adapting can be detrimental to startup success. 6) Hiring Bad Programmers: Employing unskilled programmers can severely hinder a startup's progress and potential. 7) Choosing the Wrong Platform: Selecting an inappropriate technological platform can limit a startup's scalability and performance. 8) Slowness in Launching: Delaying the launch of a product can prevent valuable user feedback and momentum. 9) Launching Too Early: Releasing a product prematurely can damage a startup's reputation with users. 10) Having No Specific User in Mind: Understanding the target user is crucial to developing products that meet their needs. 11) Raising Too Little Money: Insufficient funding can prevent a startup from reaching critical development milestones. 12) Spending Too Much: Excessive spending can deplete resources quickly and hinder long-term sustainability. 13) Raising Too Much Money: Large investments can lead to pressure, loss of flexibility, and potentially detrimental changes. 14) Poor Investor Management: Balancing investor input without losing control of the company is essential for founders. 15) Sacrificing Users to (Supposed) Profit: Prioritizing profit over user satisfaction can undermine a startup's success. 16) Not Wanting to Get Your Hands Dirty: Founders must engage in all aspects of the business, not just technical development. 17) Fights Between Founders: Conflicts among founders can disrupt and potentially derail a startup's progress. 18) A Half-Hearted Effort: Full commitment and dedication are necessary for a startup to succeed; partial efforts often lead to failure.

🪛 Are you struggling to find the right growth structure for your startup? Here's the thing: Growth doesn’t happen by chance—it’s engineered ⚙️ After helping multiple startups scale to hyper-growth, I’ve seen one consistent factor: the structure of your growth team determines your success. 👉 But how do you decide on the right structure? 👈 🤔 Growth isn’t a one-size-fits-all strategy. Each startup is unique, and your team’s structure should reflect your stage, market, and goals. There are multiple types of growth structures to consider for your business: 1️⃣ 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗚𝗿𝗼𝘄𝘁𝗵 𝗧𝗲𝗮𝗺: Perfect for early-stage startups where experimentation and rapid iteration are key. Think of this team as a mini-startup within your company, tackling acquisition, activation, and retention. 2️⃣ 𝗘𝗺𝗯𝗲𝗱𝗱𝗲𝗱 𝗚𝗿𝗼𝘄𝘁𝗵 𝗧𝗲𝗮𝗺: Ideal for scaling startups. Growth experts work directly with cross-functional teams to optimize specific parts of the funnel—marketing, product, and beyond. 3️⃣ 𝗛𝘆𝗯𝗿𝗶𝗱 𝗚𝗿𝗼𝘄𝘁𝗵 𝗧𝗲𝗮𝗺: Best for mature startups. This combines independent execution with embedded expertise, ensuring agility and alignment across the organization. These structures aren't just theories—they’re used by giants like Facebook, Airbnb, and Uber to scale exponentially. 🔥 Imagine what your startup could achieve with the right growth team: ✅ Consistently high user acquisition ✅ Reduced churn and improved retention ✅ Scalable growth loops driving compounding results Growth is a system; with the right structure, your startup can tap into it to unlock massive potential. 💡 Wondering how to structure your growth team? DM me. #GrowthHacking #StartupSuccess #MarketingStrategy

"How did their startup grow so fast?" It all comes down to one thing: **momentum**. They didn’t just build software—they built a system to ensure their growth never stalled. They call it **The Heartbeat Framework** 💓. The idea is simple: momentum is hard to build but incredibly easy to lose. To keep things moving, they created a rhythm that constantly signals progress. It’s like a heartbeat: big peaks followed by smaller ones, but always present. If the rhythm stops? It signals they’ve flatlined. The Heartbeat Framework is their way of staying alive in the eyes of their audience. It’s how they turn internal progress into external impact. Here’s how it works: --- 💥 **Launch Weeks** A few times a year, they go all out with massive announcements—multiple new features in just a few days. These are the *big peaks* that get everyone talking. --- 🎉 **Mini-Launches** Between the bigger launches, they celebrate smaller wins. These are lighter but still powerful enough to keep the momentum going. --- 🔄 **Changelog Updates** Every few weeks, they highlight updates to their product. It’s a way of showing that things are always improving—even behind the scenes. --- ✍️ **Blogs** Their blog stays fresh with posts that showcase insights, updates, and milestones. It’s a constant reminder that they’re active and growing. --- 🗣️ **Customer Stories** Nothing connects better than real stories from the people using their product. Sharing these not only attracts new users but inspires the team behind the scenes. --- 💬 **Social Media Activity** Daily posts keep their presence alive on platforms where it matters most. It’s a consistent stream of energy that keeps their audience engaged. --- This framework is how they stay in motion—always shipping, always talking, always alive. It’s not just about building a product; it’s about building a perception of unstoppable growth. Startups are all about momentum, and they’ve mastered how to keep it alive.

Most startups fail, but yours doesn't have to. We've all heard it before, startups are hard, and many fail. But I've always thought there are key strategies to increase your chances of success. Actually, a few things: 1. Get Ramen Profitable: Earn enough to cover basic living expenses. It changes the investor dynamic and boosts morale. 2. You Make What You Measure: Track a metric, like user numbers, visibly. It naturally drives improvements. 3. Deals Fall Through: Don't count on deals until they close. This approach protects morale and deal success. 4. Pick Good Cofounders: Cofounders are like location in real estate—fundamental. They heavily influence your startup's success. 5. Launch Fast: Engage with users quickly. True progress begins only after launch. 6. Let Your Ideas Grow & Evolve: The best ideas often emerge during implementation. Iterate quickly. 7. Understand Your Users & Customers: User numbers and life improvements shape startup wealth. Reflect on your personal experiences. 8. Better To Make A Few Users Love You: Focus on fully satisfying a subset of users. It's easier to grow your user base than to increase satisfaction. 9. Offer Surprisingly Good Customer Service: Delight customers with exceptional service to gain valuable insights into their needs. 10. Spend Little: Frugality is essential to avoid running out of money and maintaining an agile culture. 11. Avoid Distractions: Avoid lucrative distractions like consulting or side projects. Stay focused on long-term goals. 12. Don't Get Demoralized: Startups fail from lack of focus. Maintain morale as it is vital for success. 13. Don't Give Up: Persistence combined with continuous adaptation can lead to success. Try them out. Let me know what you think. If this resonated, please repost to your network ♻️ and follow Pete Sena

BEFORE YOU STARTUP- Pankaj Goyal 10 important lessons from the book. 1. Startups fail due to multiple business reasons: not having the right product, a weak team, negative bank balance, competition, and the legal system. 2. A startup is like a marathon- long and painful- where state of mind matters. As a startup founder, you need a strong “Why”, a strong reason to keep going in the toughest times, make difficult decisions, and find the bigger purpose for your venture. 3. A business idea is a solution to a problem. To generate ideas, you should think about problems. Ideas are not magical “a-ha” moments. Most successful ideas come from years of deep experience and careful observations. 4. You should match your financial, professional, and personal reasons with the type of business you are considering. See whether you have the right fit or not. 5. People start joining once things get started and see tangible results shaping up. It will be easier to convince People to join you once they see your own commitment and passion for your dream project. 6.Upgrade your skills to be ready for the startup. 7. Find a mentor to get guidance and a ” sounding board”. 8. Believe in yourself and in your idea. 9. Exercise, eat right, and take time to rest and recharge. Starting up can get incredibly busy and your health can take a backseat. 10. Launching a startup is a unique and enriching experience. You grow as a professional and as a person. Book: https://amzn.in/d/02rps7B1 For review follow: https://lnkd.in/gdnjqkYz

Growing a Startup? Here Are 5 Challenges You’ll Face