A lot of the time it’s good to fail as long as a lesson is learned. But then I realised that failure is part of learning and I started to appreciate stuffing things up and being humbled that I don’t know everything and can’t be great at everything.īy failing, I have the insight to do a better job in the future. I used to beat myself up (mentally) about making mistakes, ruining opportunities or wasting time/resources. You only fail if you don’t learn something. I think it’s important to have both types of people in an organisation but it definitely helps to have a broad understanding and skillset at the very beginning. There’s a saying that generalists are great at starting businesses and specialists are great at scaling businesses. It has helped me create a lot of value for my clients too. This won’t apply to everyone but I believe being a generalist and having a curious nature has helped me understand all parts of business and how everything is interconnected. In a nutshell, systems make your operations efficient and effective so you can lower costs, improve margins and drive growth. It is highly unlikely that a business will succeed long-term unless it has effective systems in place that drives all of its operations.Ī wonderful book that goes into great detail about this is called the “ E-Myth by Michael E Gerber”. One of my biggest learnings was that all successful businesses are driven by systems. I now know that uncertainty is helping me become a better person. But as time went on, and the more uncertainty I dealt with, the more I began to appreciate it and even embrace it. Lack of income/revenue was a major source of uncertainty and anxiety, especially at the start of COVID and Mindly. I became a business owner with very few connections and no knowledge of “how to sell”. A month later, COVID-19 started and you know where things went from there. For context, Natalia and I started Mindly in early 2020. I dealt with (and continue to deal with) a lot of uncertainty. We rapidly grow on a personal level when we can embrace uncertainty. However, once you realise that everything in life is uncertain (the only thing certain is that things change), you can start to accept and even embrace uncertainty. For a lot of people, uncertainty is the primary cause of stress and anxiety and starting a business will trigger it. One thing is for certain when starting a business, everything is uncertain. The hardest part is simply deciding to start. There will never be an age or market/economic/political condition that is right. The truth is, right NOW is the right time to start a business.
At some point, young people jump from being “too young” to “too old” without ever being at the “right age” to start a business. Older people think they are “too old” to start a business. Younger people think they are “too young” to start a business. There is never a right or wrong age to start a businessįirst up, I think this is one of the biggest barriers most people have when contemplating whether to start a business or not. So here are 10 lessons I learned starting Mindly as a 23-year-old. So, I decided to start my own business and have a meaningful impact on the things I really care about.Ģ years and a lot of mistakes, awkward moments and growth later, I look back at what I have learned that could help anyone thinking of starting a business. At the time, I didn’t have “enough experience” to get hired for the role I wanted at the type of company I wanted. I was 2 years into my corporate career when I decided that I wanted to have a purposeful and meaningful career. Starting Mindly Studio at 23 years of age (officially right on my 23rd Birthday) was one of the biggest and best decisions I’ve made. Photo of Daniel Bulut - Co-Founder of Mindly Studio
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