I’m Lu, the founder of Blooming Founders, London’s leading support network for female entrepreneurs.
I started my entrepreneurial journey 3 years ago and I dare say that there were a lot of lessons learnt.
To celebrate female entrepreneurship this month, I would like to share my top 5 pieces of advice with you – from female founder to female founder:
Find the right business for you.
Finding the right business is very much like finding the right relationship. Starting one is easy, sustaining one not so much.
Sometimes the women in my community ask me: “How do I know it’s the right business for me?” My answer to that: “Think about what you can do, what you enjoy doing and what people will pay you to do. Your business will need to tick all the boxes.” I wished someone had told me that when I started. It would have saved me approximately two years of my journey.
Get sh*t done.
It’s too easy to get lost in envisioning how our amazing ideas could lead to world domination, but in the very early stages of a company idea validation counts more than a detailed strategy. Map out your business on a Lean Canvas and move into action. Creating results is the only way to learn whether you are on the right track or not.
Customers first, investors second.
Unfortunately, raising money is now seen as a great achievement in the startup world. Let’s not forget that success is business comes from customers and revenues. So when in doubt, spent more time with your customers than courting potential investors.
Build your network and ask for help.
You might think that you are superwoman (and you probably are!), but reality is: No one can do this start-up thing by himself or herself. If you are not part of a tribe of likeminded people, go out and find them. Once you found a few good support networks (hint: check out Blooming Founders), utilise them. Reach out to people you don’t know and ask for help/support. Don’t feel bad about it.*
*Men never do.
Whenever an opportunity arises, say YES. Don’t think: “OMG, can I do this?” Do you think the other person would ask you, if they thought you will fail anyway? I don’t think so. Entrepreneurship is all about embracing opportunities. Go through as many doors as you can. You’ll be surprised what wonderful things can open up to you.
I hope that my lessons learnt were helpful for you. If you feel like reaching out, please get in touch at [email protected]
I look forward to hear from you.