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Josh Payne

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Josh Payne

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Josh Payne Video

It fosters not only innovation, but also empowerment and creativity. So, where does that leave you?

You are going to fail at some point. Things are not going to go as planned. Sound the alarms, rally the troops, go back to doing what you do best and make shit happen — FAST.

Find the root of what drives your business and focus on that maniacally until you breakthrough. For founders like myself who are more operationally-minded than externally-minded, this lesson can be a make-it or break-it factor to getting to the company to the next level.

Hire the right people - mentor them, coach them, advise them - but stop trying to get into the weeds. Create process that helps them do their jobs better instead of trying to do their jobs for them.

As your startup gets bigger and has more success, your ego tends to grow along with it. The risks become greater than ever before.

Give real credence to those closest to you because they are seeing things from a different angle that you are likely blinded to.

On average, startups take 7 to 10 years to exit …. A friend and fellow founder wrote about her path to balance here — which I think lays out the stake you eventually have to put in the ground.

For me, every year I schedule a couple of triathlons or half-marathons far enough in advance that I have to take time out to train.

Being proactive about taking time off helps enforce it when it gets to crunch time. Finding balance will give you a different perspective and clarity around mission and vision breakthroughs.

The only way to settle in for the long haul is to surround yourself with great people and focus on the areas you can make the biggest impact.

And, everyone will thank you for it…. For the Take a moment to smile everyone once in awhile and pat yourself and your team on the back.

When you are grounded, believing you can compete in the realms of greatness is audacious. Think about it…. Yet, having this intrinsic belief that we can achieve beyond measure is at the very core of what great startups are built from.

Some startups are bred from greatness, with serial entrepreneurs as founders and funding amounts that set the stage. Others, like the underdog, undersized thoroughbred in the picture above btw…can you guess who it is?

There is nothing that can create greatness without passion and there is no passion without meaning and there is no meaning without mission.

What does it mean to be great? Communicate that answer to your team on a weekly basis. Do they realize how special it is what you are building?

How it change lives in ways big and small. That their contributions to a team goal will lead them to far more individual fulfillment than imaginable.

Pounding away with a hammer is necessary to get the job done, but the audacity to HOPE is what creates outliers. Hope sounds easy, but you are the underdog and you know it.

In Year 1 , I talked about the mental and emotional challenges that founders face and some practical ways to overcome them.

In Year 2 , I discussed how founders must look outside themselves to make it to the next level by investing and trusting in their team instead of trying to do it all themselves.

So, like the title of the post reads…. Year 3 is time to Go Big or Go Home. Of all the bullets above, I am most proud of the last one. We did all this while profitably bootstrapping ourselves without the need to raise additional capital.

Lastly, I want to provide four lessons I learned over the last year that might help you along your journey:.

My team helped to wake me up to how big of an issue this was for us … it paralyzed employees from making important decisions and robbed them from a deeper sense of purpose.

After a lot of soul searching and two team off sites, we concluded that our mission had in fact changed from the initial one created long ago, and ultimately decided to launch a new B2B brand and to update the company name to ensure both internally and externally people knew who we were and what we were set out to do.

Most startups focus on acquisition, but no matter how many users you bring into the top of the funnel, if they go out of the bottom of the funnel at the same rate….

There are many, many examples from mobile Viddy to subscription commerce ShoeDazzle. Now contrast those examples with two more from the same industries: Instagram and Birchbox … all of these startups found product-market fit because their customers keep coming back organically again, and again, and again at no additional acquisition cost.

We felt that was strong product-market fit and chose to double down on that part of our business. A major dilemma for every founder is focus.

We see an ocean of opportunity and if we juuuust … streeeetch … a … liiiittttllle … mooooore … we could grasp that additional opportunity — a new revenue stream, an incremental user acquisition channel, or a shiny new market … and admittedly the majority of the time those ideas need to be reigned in and shelved for a better time, but they are also vital to keep the lifeblood of innovation flowing through your company.

This advice is counterintuitive to what most will tell you, but to me, the minute you stop ideating, and stop asking yourself how something can be done better or faster … you die.

Everyone has a best guess as to what will work, but until you actually test it in the market, you never really know what will resonate.

Tracking metrics is another manual process that is seemingly innocuous, but starts to eat up valuable time and annoy your engineers when you ask them to constantly build new types of dashboards.

The best way to prepare to scale is to find the processes that are slowing your team down and will cause issues at scale: dashboards, payments, metrics, email management, etc….

Today is the two-year anniversary of StackSocial. Exactly one year ago, I published a blog post that helped me survive the emotional rollercoaster that is being a startup founder.

Writing that post forced me to put down on paper some important reminders not only for others, but also for myself. For me, the first full year of business was an all out war.

In the trenches with my comrades, day in and day out. There were no days off…no timeouts….

My post last year discussed the toll that can take on any human being and ways to best handle it. The number of StackSocial customers has grown nearly 4X from , to over ,, our team has grown from 5 full-time employees to 16 full-time employees.

We completely redesigned our site from the ground up improving every aspect of the user interface and customer experience.

And with all that being said, times could never be more volatile. Last year, I discussed how founding a startup is like a rollercoaster; this year I feel a better analogy is to that of a Class 5 whitewater rapid.

You are moving forward at a rapid pace in a monstrously powerful river and all you have to steer is a tiny oar.

There are huge boulders to the left, right, and just ahead to navigate. Each new moment brings an alarming mixture of awareness and anxiety that makes the hair on your arms stand up.

How could this happen? These are all phrases that have been said by many an entrepreneur before. Funny enough, somehow we manage to continue down the rapids and find our way to an exhilarating, demanding, and, yes, enjoyable journey.

If year one was about simply getting down the rapids without smashing into a rock, year two was about figuring out how to steer a fleet of rafts down that same rapid.

There are many types of leaders out there. Very patient, unpathetic and great problem solver. I had an amazing experience with Josh.

And I followed him on his podcast and in his facebook group. And I knew that he was giving out really good information. And I wanted to be more specific and individualized to me.

So if you're interested in working with Josh, I would highly recommend it. It's helped me and my business a whole lot.

And I wish the same for years. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

My name is Josh! Let's Get Started. Hey there! Read Josh's Story. How to Work with Josh. What People Are Saying Amanda Worley "Josh help me to find that, and help me to discover what it is that I want to achieve in my business.

Josh Payne Video

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5 comments on Josh Payne

  1. Entschuldigen Sie, was ich jetzt in die Diskussionen nicht teilnehmen kann - es gibt keine freie Zeit. Aber ich werde befreit werden - unbedingt werde ich schreiben dass ich in dieser Frage denke.

  2. Ich meine, dass Sie den Fehler zulassen. Ich kann die Position verteidigen. Schreiben Sie mir in PM, wir werden reden.

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