Thursday, December 20, 2012

Why have I failed as an entrepreneur ?

  • I knew everything.
  • made a good sprint, but couldn't finish the run. No more oxygen/energy.

General

  • did not take care myself; emotionally and physically
  • did not listen people very well. I've heard them but did not actually listen. I kept on talking and talking.
  • being an expat and entrepreneur is somewhat crazy when you know you're going to have visa problems. Too much instability in one man's life drains too much energy.
  • did not use my time wisely
  • tried to do too much
  • should be less harsh on myself and others
  • was(am) stubborn when I should not be
  • was inconsistent ( ran ~90km in June '12 then in the last 6 months I only ran 30km )
  • did not ask for help

Business

  • never did true problem description. Should have write it down
  • should have connected with more people. Relationships matter a lot.
  • did not plan ahead the business
  • do not write a 100 page business plan does not mean don't write it at all
  • started working on other ideas and lost focus when business needed the most
  • should take the money when a beta user offered to pay
  • should have postpone opening company till we have a paying customer base.
  • should have asked money from people
  • rather than having a $400 Amazon EC2 instance, €30 p/m server was enough.

Programming

  • scalability problems should be solved when there are scalability problems.
  • have stuck in maker's obsession
  • wrote too much code. 30% became immediately unnecessary
  • did not prioritize what I should be working next
  • should have learnt Celery before
  • should have learnt Flask before
  • more Backbone less spagetti JS.
  • less code, less code, less code.
  • my job is not programming. My job is delivering value using programming.

The Product

  • should release the app much more earlier
  • should have fixed the showstopper bug and email users a.s.a.p. to say that we're sorry. ( Some users registered and tried the app when they shouldn't but since I left the Google login open, they've registered and saw a non-working app )
  • did not look for a market very well
  • did not able to explain the product in simple terms
  • did not try to sell the product, I've just build it
  • kept 600 people waiting for a demo while having a product
  • should have integrated payment gateway much more earlier
  • Facebook & Twitter do not have quality content

I am a fool. A big one.

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