The 5 lessons of startup

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Looking Back And Learning: The 5 Lessons Of Start-Up

Having worked with start-ups and SMEs for many years now [not mentioning the years I worked in

them!], I can say, undoubtedly, there are lessons to be learned from the experience of starting up.

Some are simple things – the ‘shoulda, woulda, coulda’ actions that would have saved time or resources.

Other lessons might have made more defining impacts on the trajectory, focus or growth of the business…

Much of the posts written about business development, planning and strategy, f ocus on looking f orward

[which is a good thing!] however a lot can be learned from what has or hasn’t worked, and why that might

be the case. I’m a big f an of Eric Ries’ “StartUp Lessons Learned“, and f ind his views on innovation in

start-up development laudable and f orward-thinking. Ultimately, learning from what hasn’t panned out as

we’d planned or hoped can provide us with rock-solid f oundations f or growth.

Based on many of the conversations I’ve had with SME clients, here are the top f ive “if I had my time over

again” ref lections, which, hopef ully some of you might recognise [and act on!] or f or those of you

starting out, utilise as a starting point f or your business plan/ R&D.

The 5 lessons of start-up

# 1. Spent time on carving out a tactical research project [without becoming obsessive]