Top 8 memes for entrepreneurs
Memes can be a great way to get a point across. Adding humor to real life situations and then matching it with a picture can go a long way reinforcing a point. Today, we’re going to look at the top 8 memes for startups and entrepreneurs. Hopefully, you find these memes as funny and insightful as we did.
Almost all successful entrepreneurs agree that you have to work harder than other people if you want to achieve results that are extraordinary. Elon Musk is famous for saying that if you only work a 40-hour work week and your competition is working a 100 hour work week, they’ll accomplish in 4 months what it takes you a year to accomplish. It’s simple math. This advantage can prove paramount when you’re fighting your competition for every bit of market share available.
People have many different perceptions about what an entrepreneur actually does. The majority of the time, these opinions are far from the truth. Being an entrepreneur is rarely glamorous and only a small group of people are cut out for it. It can be lonely and you’re almost never going to have all the right answers. You have to forget about what other people think about you and you have to do your best to make the correct decisions as they arise.
Relying too heavily on other companies can be detrimental to your business. Losing control because a certain website plug-in no longer works or a software that you use is now outdated can drive your company into the ground if you’re not prepared. If it’s possible to build features that you need in-house, it’s always a good idea to take that route. If you do have to rely on third party solutions, always have a backup plan in case that solution is no longer available.
Don’t get confused when you hear the word “angel investor.” These can be some of the most critical and demanding people you’ll ever meet. Don’t forget, angel investors are looking to strike it big and make many times their money back. If you’re going to pitch an angel investor, make sure you come prepared because it’s their job to scrutinize and uncover any faults your business may have.
Naive entrepreneurs sometimes think that you can simply throw up a website, offer a product and people will come in droves to buy it. Unfortunately, this is almost never the case. It takes a lot of hard work and a lot of long hours to push your product or service out into the marketplace. If it’s an established industry, it’s even harder. New and emerging industries offer more leeway but once competition ramps up you have to differentiate yourself.
No matter how revolutionary your startup is there’s always a chance of failure. There are so many factors that you simply cannot control that you always have to be on the offensive. The best thing you can do is use this fear of failure as a driving force that causes you to work harder and smarter than your competition. If you have investors, it’s your duty not to let them down.
All too often startup founders will get married to the first idea they have. This can be a massive mistake because as your business starts to evolve you’re going to learn things about your customers and market that you didn’t know before. If all of the data and feedback you’re getting is telling you to pivot and change course you need to follow it. Examples of successful pivots include companies like Instagram, Apple, and Snapchat.
Lastly, older entrepreneurs are sometimes averse to adopting new business methods. While social media is over ten years old, some people still consider it new and don’t want to take the time to learn how to use it. As an older entrepreneur, you have to address the fact that the world is changing fast. Staying current with new advertising methods is crucial if you want to stay competitive in this day and age.
We hope you found these memes as entertaining as we did. If you’re an entrepreneur yourself and are looking for funding for your startup, reach out to us. The Tandon Group has invested in dozens of successful startups and has been involved in some of the largest mergers and acquisitions in indian history. We’d love to be your partner for the road ahead.