Nix | "Stop Lying to Yourself", Overcome the Fear of Failure, Win the InVenture Prize, and Put People Over Profits (#5)

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Startup Dorm Room

Business


"Stop lying to yourself." Mohammed Aamir, a co-founder at a startup helping people to quit their nicotine addiction, tells us that honesty is a key to success in the startup dorm room. As an entrepreneur, you can fake confidence, but if you lie to yourself about how well your company is doing, then you are on your way to failure. Being honest with yourself and your teammates will allow you to correct poor business, leadership, and product decisions and mistakes before they cause your demise. And if you are on the wrong path, possibly even pursuing a startup idea that has no product-market fit, having self-awareness and the humility to let go and move on will save you from waisted time and money. Aamir gives great insight into validating your problem and solution before you start building to prevent such a loss. Other insights revealed in this phenomenal episode of Startup Dorm Room include: Starting a company as an international student. (It is possible!) Overcoming the fear of failure, even when pitching. Finding meaning in your work, and putting people over profits. Sometimes you can wing it, and it all works out. To learn more about Startup Dorm Room and our mission to empower the next generation of world changers, student entrepreneurs, and problem solvers, you can visit startupdormroom.com! --- Support this podcast: https://anchor.fm/startupdormroom/support