Copy
View this email in your browser  •  Forward to a Friend
When Our Startup Works For Everyone But Us

TL;DR: "When I started this company I had all these amazing goals for myself. Now I feel like I'm working toward everyone else's goals at the expense of my own. I don't even know what happened to my own goals. Is this normal?"

One day we wake up and realize our startup is working great for everyone but us — the Founders.

What the hell happened? We started out with big dreams of building our dream job, creating true financial independence, and just being able to do whatever we wanted on our own terms. That sounded great, right?

Yet here were are, spending our days at everyone else's behest. Our days and schedules are driven by the needs of staff, customers, and investors, all of whom mean well, but have essentially put our own goals and needs well into the back seat, and in some cases, forgotten about altogether.

When was the last time we got paid first (or at all)? Or took a vacation without being pulled away 100x by everyone else's needs? Or spent our day the way we wanted to, not how someone else needed us to?

We zoom out and realize that this amazing creation we built from nothing has been awesome for everyone — except us. How did we get here?

 

Today’s Advice Sponsored by Freshworks
 

We Mortgaged Our Goals

The thing is, this didn't get away from us in a single move. It wasn't just because we took on investors or made a single customer commitment. It was all of those decisions. Each time we chased after that next big goal, we lost sight of our own original goals in the process — and we mortgaged them in the name of our startup's progress.

It's easy to see the upside, we just don't do a great job of truly considering the "loss." When we took on investment we thought "OK great, we'll be able to grow the team!" but we didn't think "Wait, if we have to answer to investors, I'm going to have a new boss that will indirectly prevent me from doing everything the way I want to do it."

We didn't build a startup to satisfy investors. But that's now the business we're in. Their needs now trump our needs, and along the way, our goals got set aside.

We Got Used To Putting Ourselves Last

Of course, the sacrifices didn't end there. We needed to scale up, so we used what little money we had to bring on some new staff. That meant we were going to have to cut back our own pay, or in some cases, continue taking no salary at all (the fallacy of all Founders). It's not that we stopped paying ourselves, it's that we begun to get used to putting ourselves last. In many cases, we used it as a badge of honor.

Once we started down this path, especially when we became proud of the sacrifice, what we unconsciously did was start allowing ourselves to be put at the back of the line. In fact, we created such a powerful behavior that not only did we feel most comfortable being put at the back of the line, we actually felt guilty when we put ourselves in any other position.

We felt guilty when we took time off. We felt guilty when we increased our salary. We felt guilty when our stock was worth more than someone else's. We convinced ourselves so readily that we were last, that we sentenced ourselves to being last.

We Allowed Everyone Else To Be OK With It

Not only did we convince ourselves that we deserved to be at the back of the line, we convinced everyone else that's where we belonged. We didn't do this intentionally, nor was it their fault. But every time we stopped putting ourselves first, we voted ourselves to be last, and no one complained.

Our investors never emailed us to say "Hey, you know, your salary is well below market even though everyone else is getting paid market wages to remain competitive." Our staff never said, "Hey, I've noticed you haven't taken a vacation in the past 2 years, you should really take time off." They just assumed that's the way things are because we set that assumption implicitly.

All of these little steps put us where we are. But here's the thing — it's reversible. The same power we used to put ourselves to the back of the line can be used to change position. The first step is recognizing that our initial goals and intentions weren’t to build something wonderful that would control our lives, but to empower them.

We need to revisit those goals. We need to remind ourselves why we built this thing and what we wanted it to accomplish. Then, we need to step up and make a non-stop concerted effort to put those goals at the forefront of every decision, breaking instantiated behaviors and expectations that have made us a slave to our own creation.

We built this. It's ours. It works for us. Not the other way around.

 

View Article Here

Your Final Opportunity for $10,000

Freshworks is offering $10,000 of credits to their leading customer and employee engagement solutions. No questions asked. Don’t be bashful, and please reserve your credits before the offer expires on 9/30/2020. No credit card is required, the credits are good for a year, and the application takes less than 10 seconds.

What’s the number one reason startups fail to gain traction? Lack of customers.

Customers are the lifeblood of any business. There always is a major investment in finding, convincing, and keeping them. That is, why Startups.com is offering access to Freshworks’ CRM, LiveChat, support, marketing automation, ITSM, and HRMS tools. We want to make this process seamless and effective for you.

Here’s SOME of what you’ll get (seriously, it does more than this):

  • Email Marketing (the lifeblood of most businesses)

  • Marketing Automation (a force multiplier when you need it most)

  • Conversion Optimization (So, so critical with early traffic)

  • CRM Integration (Once you’ve got them in the door — you need to treat them like royalty)

Don't let the cost and difficulty of marketing deter you. Freshworks has amazing customer marketing tools from first-touch-marketing to after-sales-retargeting. Take us up on this — we promise, you'll thank us later. Click here to get started.

In Case You Missed It

Is a $0 Founder Salary a Badge of Honor? As a Founder, should I be proud of taking a $0 salary while I build the company?

How Do I Leave My Startup Stress At Work? While startup stress might not ever diminish completely, how we manage it can help us navigate balance in our lives as Founders.

The emotional cost of being a startup Founder. (podcast) Wil and Ryan discuss how to start having a more open conversation about what it really costs to be a startup Founder.
Love this topic? Hate it? Let's chat on social media!

Wil Schroter
Founder & CEO @ Startups.com
  
 
Share Share
Tweet Tweet
Forward Forward
Copyright © 2021 Startups.com, All rights reserved.


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.