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It's another exciting edition of our newsletter, and this time, we'd discuss a topic that has plagued our minds. A lot of high-potential startups shut down this year and it’s been like a horrible squid game nightmare.
If you’re reading this and you’re a startup founder, you might want to ask yourself, “Am I next?”
What’s in it for You?
- The Antidote for Failing Startups
- Easier Ways to Foster Great Relationships at Work
- Insights from CEOs who have been there, done that
- A Free Event Other Founders are Attending
The Antidote for Failing Startups
The fact over 90% of startups fail in their early years is enough reason to be on your toes while running your startup.
The shocking part? Over 300 Startups crashed because of their team.
And when it comes to preventing failures at your startup, insights from your industry’s top voices are your guiding stars. It's the reason founders scramble to apply these profound lessons to their startups.
In Today’s Newsletter, we’ve collected valuable insights from the most successful CEOs and summarized these into concise key points for you.
How Can You Prevent Crashing?
- The Growth Team Revelation:
CEOs are all about that 'growth team' life. Mark Zuckerberg even credited it as the best idea behind Facebook's rise. He says having a specialized crew dedicated to growth is the fuel your startup needs.
Mark says it was more than just another department, it became the driving force behind their rapid expansion.
The lesson for you is clear: having a specialized team focused on growth can be a game-changer for your startup.
- The Power Within Your Product:
Forget the conventional marketing playbook. Successful Founders and CEOs believe your product or service itself is a goldmine of growth opportunities.
Look into your product's potential for boosting your startup's growth and execute it fast.
- Data-Driven Decisions:
Their success was also about the data! Investing in data analysis before making decisions is your ticket to the top.
- The 'Whole Company' Mindset:
For startups, the whole team should be the growth team. The CEO? He or she is the captain of the growth ship. It's an all-hands-on-deck kind of deal.
Corporate Team and Culture
How do you handle work conflicts?
We get it. Dealing with conflict at your workplace can take a toll on you as a leader, founder or CEO.
It's not just about getting the right people through your door, it's about making them feel fulfilled once they're in. And that's where things get tricky.
Ever wonder why some employees pack up their desks within a year of joining your company, while other companies seem to have their employees’ roots firmly planted? It's like there's some secret they know that you don't.
Well, maybe.
Let's explore how you can deal with them when they arise. No jargon, no complicated theories. Just simple, practical tips to help you melt the ice in office relationships.
Learn from the Best
“As a leader, strive to align institutional goals with personal triumphs. Extend that to yourself. Then the whole team will be pulling together and successes will be celebrated”.
-Michael Deem. Founder at Certus, Top Startup Voice
“I have had teammates joke that I will have "What problem are we trying to solve" inscribed on my tombstone. It is the fundamental question, if you don't drive value and solve a clear problem, you have no business. Iterating means listening to customers to confirm you are either adding clear value or not”.
-Jeff Hansen. Venture Partner, Start-up Advisor
Community Spotlight
We love hearing from fellow founders! This time, we're highlighting Jon Becker, the CEO of AARDVARK. He shared his success story of scaling his business from a startup at 17.
Jon is keen on you as a founder, understanding you are the least important person in your business.
AI Tools For You
- Startups are leveraging Syte, plus, it’s the world’s first product discovery platform.
- You can easily analyze your data, upskill and scale with no coding required using Knime.
- If you enjoy deeper learning then Keras is for you!
Upcoming Events
The speaker for this event is Paul Check, whom Forbes recognized in their prestigious 30 Under 30 list of young people changing the world.
He will be educating you on the global frameworks and tools accomplished startup founders, and corporate teams use to establish new ventures.
Register and be sure to mark your calendar!
As Seen on Twitter X
This week on X, the founder of Nigeria’s #1 Job site, shared an insightful thread on things he wished he knew before starting out. Click on the image so you don’t miss out on any lesson.
Another amazing tip from Andrew who has helped startups close $500m+ deals
Meme of the Week
What Other Founders are Consuming:
- Facts the top businesses recognize that you may not know
- How to understand performance vs brand marketing for your startup
- What makes some teams high-performers?
- Be an inspirational startup founder with these tips
- This 21-year-old used $300 to start a business whose daily revenue is currently at $38,000
Now, It’s Your Turn!
Have a story or some great tips to share? We'd love to feature you in our next newsletter. Get in touch with us!
Until Next Thursday. Stay Inspired and Keep Scaling!
ABOUT CAREERBUDDY
Hire Smarter, Not Harder
At CareerBuddy, we make hiring seamless for fast-growing companies, we pride ourselves on knowing the best people that will excel in a Startup. With a candidate retention rate of 90.3%, it is safe to say “We are the best in the game for Startup hiring in Africa”.
We have worked with our partners to hire both for Technical and Non-Technical roles, we have also helped them with expansion in Africa. Some of our clients include Bamboo Invest, Helium Health, Cassbana, Cadana, Fincra, CrowdForce, Casava, TeamApt (now Moniepoint), Sabi, etc.
Are you hiring at the moment? Contact us
Written by Onekpe Regina, Oluwaseye Adesina
Edited by Oluwaseye Adesina
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