This week, we have an exciting roundup of advice for female founders to highlight some of the key points from our Series W interviews. We ask them: What advice would you give to aspiring entrepreneurs?
We have three pieces of advice: share your idea, commit to it and ask for help.
We love this quote from Johann Wolfgang von Goethe “At the moment of commitment the entire universe conspires to assist you.” Building a company is a REALLY HARD and you have to be quite driven, passionate and ready to work like mad.
You absolutely cannot do it alone so you have to share what you are working on with everyone you meet and see how you can help each other. Ideas are abundant but drive isn’t so you can put your worries about “someone stealing your idea” to rest. Once we committed to Monarq, we received an amazing outpouring of support and advice from a lot of terrific people, women in particular which is what has made it possible for us to get where we are today so quickly. If you surround yourself with caring and passionate people, you will find that when ask, someone will always help you find the answer.
Choose Must. I love how Elle Luna writes about the crossroads of should and must.
“There are two paths in life: Should and Must. We arrive at this crossroads over and over again. And each time, we get to choose,” says Luna. “’Should’ is how others want us to show up in the world — how we’re supposed to think, what we ought to say, what we should or shouldn’t do. Must is different. Must is who we are, what we believe, and what we do when we are alone with our truest, most authentic self.” The hard thing about Must? It’s a daily practice and a recurring choice. The good news? You arrive at these crossroads again and again, and you always get to choose.
This is exactly what we hope to help young women do—develop their internal compass, uncover their Must, choose it, and be able to distinguish it from the noise of external validation (the Should).
There was a moment when I knew that I Must start SoSheDid. A few weeks before we launched, I flew to California and experienced the worst turbulence I had ever felt. The first thought that came to mind was, “Good thing I put everything in Dropbox so my team can launch this without me.”
I encourage every woman reading this to find your inner voice and invest in yourself from the inside out. Check out SoSheDid.org for resources and exercises on how to do this.
Don’t go into this thinking, OK I’m going to build this company and then flip it in a couple years. Entrepreneurship is a long, tough, journey and you need to consider: Is this what I want to do for the next 10 -20 years or potentially for the rest of my life? Am I going to be able to muster up the personal passion to continuously build my business? If not, or if I have to hop off this train, am I going to be able to get the experience and skills necessary to take my career to the next level?
On growing internationally: Do your homework, research your market and do your best to get brand visibility and connections with your audience even before you land. Hire local talent for networks and create a great business culture that enables you to continue to attract and retain great talent.
Just get started. I think sometimes when we try to create the perfect plan, we never get to it. This is one of my favorite quotes about getting started:
“It’s a terrible thing, I think, in life to wait until you’re ready. I have this feeling now that actually no one is ever ready to do anything. There is almost no such thing as ready. There is only now. And you may as well do it now. Generally speaking, now is as good a time as any.”― Hugh Laurie