Episode description
In today’s Startup Therapy Podcast, Wil and Ryan discuss one of the most common problems with new businesses - they are afraid to do the wrong thing. In Startup you can’t always be right and have a smooth sailing path in the beginning, you will always have to be wrong and do the wrong things first before knowing what is right. Normalizing a culture of admitting and allowing mistakes will help companies know how they can perform better in the future.
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Resources:
- Startup Therapy Podcast
- https://www.startups.com/begin
- Join our Network of Top Founders
- Check in with us on LinkedIn | Wil Schroter | Ryan Rutan
What to Listen For
- 00:00 Intro
- 02:01 Don’t get hung up on a business idea
- 06:03 It’s alright to admit that you have no idea
- 07:49 Getting wrong advice from the wrong people
- 09:02 Push yourself harder to become wrong
- 11:23 You have to be wrong first to know what right actually looks like
- 12:29 Stop hiring the wrong people
- 16:00 People can change because of variable reasons
- 18:51 Hiring someone according to your own variable
- 23:39 How to get marketing right?
- 25:53 Learn to test to be less wrong
- 27:16 Allow people to fail and be wrong
- 28:59 There is a difference between being wrong and being negligent
- 29:55 Humility is the key to good leadership