Listen to learn what it’s like when your startup gets funded, hear some advice to grow a museum tour business, and get some tips on networking when you’re an introvert.
Noah Kagan (Sumo, Appsumo) is trying a new approach with this episode of his podcast – a kind of business surgery.
Talking to businesses and getting to the root of their problems. Giving advice and, hopefully, the audience learning a few things.
First up is Michael Alexis from Museum Hack. A cool sounding business – they do private museum tours BUT they make it the best museum tour you’ve ever had. Their guides are comedians and entertainers.
Anyway… Museum Hack have been stuck just short of the $3M annual revenue and Noah offers up some practical advice to break through.
- Set aggressive goals to spur creativity amongst the team
- Develop a scorecard that talks to the controllable levers that will take you to your targets (eg it’s better to measure the number of articles written than measure your rank in Google).
- Find the things that are already working in the business and 10x the effort / resource you put into them. Don’t spread yourself across too many things.
What it means to get funded
Back in February, Sahil Lavingaia, founder and CEO at Gumroad, wrote a post on Medium that detailed his “failure” to build a billion dollar business. The post went viral (you can check it out here).
In this interview on Product Hunt Radio, Sahil gets deeper into the rollercoaster ride of trying to build a unicorn, the good and the bad of living in a tech hub like Silicon Valley and the personal impact of scaling a business.
- Be aware of what it means to get investment. Too many startups still don’t understand the pressure to perform once investors are on board.
- Relationships in places like Silicon Valley tend to be transactional – everyone is focused 24/7 on building their thing. It’s hard to create meaningful connections.
- You have a lot less control over your journey than you think. You have to be ok with that and focus on what you can control.
Get over the fear
It’s hard to find success without some level of putting yourself out there to connect with new people. Something that an introvert dreads.
But, overcoming “the fear” isn’t impossible as podcaster Jaime Masters, a self professed introvert tells James Schramko on this episode of SuperFastBusiness.
- Find a mentor to push you out of your comfort zone.
- Learn how to ask questions – if you’re stuck trying to find something to say, use questions to get the other person talking.
- If you want to develop better relationships with people you just met, use text or messaging to keep in touch – it’s a lot more personal than email.