Shark Tank Judge Shares What Sets Real Founders Apart from Dreamers
As an entrepreneur, it’s easy to get caught up in the excitement of starting your own business. The thrill of turning your passion into a reality, the promise of potential success, and the rush of adrenaline that comes with taking a risk. But, as Shark Tank India judge Anupam Mittal so aptly put it, ambition alone doesn’t cut it anymore.
In a recent LinkedIn post, Mittal shared his insights on what sets real founders apart from dreamers. He distinguishes between “Level 1” founders, who focus on ideas, and “Level 2” founders, who understand the roadblocks. According to Mittal, the former is a recipe for disaster, while the latter is the key to success.
As someone who has invested in numerous startups and has seen his fair share of successes and failures, Mittal’s advice is invaluable. He emphasizes that understanding the roadblocks is crucial for any entrepreneur, regardless of their level of experience. “It’s not about the idea, it’s about the execution,” he says.
So, what makes a Level 2 founder? According to Mittal, it’s the ability to understand the challenges that lie ahead and to prepare for them. “Level 1” founders, on the other hand, are often so focused on their idea that they neglect to consider the obstacles they may face.
Mittal’s distinction between Level 1 and Level 2 founders is not limited to entrepreneurs. In fact, his advice applies to professionals and students alike. Whether you’re looking to start your own business or advance in your current career, understanding the challenges that lie ahead is essential.
But, how can you, as an individual, prepare for the roadblocks that come with pursuing your goals? Here are a few key takeaways from Mittal’s post:
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Identify the challenges: The first step is to identify the challenges that lie ahead. This requires a thorough understanding of your industry, your competition, and your target market.
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Plan for the unexpected: Once you’ve identified the challenges, it’s essential to plan for the unexpected. This means having a backup plan in place and being prepared to adapt to changing circumstances.
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Focus on execution: As Mittal says, “It’s not about the idea, it’s about the execution.” Focus on turning your idea into a reality, rather than getting bogged down in the details.
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Be willing to learn: Finally, be willing to learn from your mistakes and adapt to new information. This is a crucial aspect of becoming a Level 2 founder.
In conclusion, Anupam Mittal’s advice is a valuable reminder that ambition alone is not enough to guarantee success. Understanding the roadblocks that lie ahead and preparing for them is essential for any entrepreneur, professional, or student looking to achieve their goals.
As Mittal so aptly put it, “It’s not about the idea, it’s about the execution.” So, the next time you’re considering starting your own business or pursuing a new career path, remember to focus on the execution and be prepared for the challenges that lie ahead.
News Source: https://startuptalky.com/news/anupam-mittal-founder-tips/
