Knowledge sharing has an amazing multiplier effect.
In my day to day advisory interactions with new age businesses, including clients, acquaintances, referrals and friends, there is much I have learned.
Hope the gist of these learnings will help refine your own thought process while building a startup
#1 Clarity of thought
#2 Talk to strangers
#3 Customer before technology
#4 Scale over profit
#5 Chemistry over Mathematics
#6 Ready to fail
#7 Beware of penalty line
Download the presentation for details on each
A caveat though: While there may be a pattern, I would be wary to generalise and say these 7 are THE ‘common traits’. Different founders have different approaches and thought process about how they build up their startups. Not everything fits in every context. So take your pick.
Amit Balooni is the Founder of FrankBanker. In his 20+ years banking and consulting career, he has worked with leading banks and now advises banks and Fintechs globally on SME, SCF, Credit Risk and Strategy. Through his workshops, he has trained more than 2500 bankers across mid and senior levels. He continues to learn and share his learnings with fellow bankers on the way.
Disclaimer: The opinions expressed here are those of the author and does not reflect the views of FrankBanker.com