Turning Stupid Start Up Founders into Real Players

10 basic tips for all those delusional entrepreneurs if you want to get somewhere in life:

1. Stop believing all the stories you tell.

If you are not brutally honest with yourself, you can’t make informed decisions that will truly improve your company. You need a healthy dose of skepticism to make real forward progress. Founders often highlight what looks good and hide what looks bad. This is fake traction. Try to avoid it at all cost.

2. Swallow your stupid ego.

Startup envy isn’t a good enough motivator to get you through the tough times. Thinking that such-and-such startup was just acquired for hundreds of millions of dollars and you are so much smarter than them is not a productive thought.  Swallow your stupid ego and get real.

3. Stop this passion crap.

I have seen many founders blind with passion. Passion can blind you to know when you need to pivot or change your product. The trick is to get passionate about product-market fit, not about the product as it is today. Keep tweaking until you find the fit.

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About Ziad K Abdelnour

Ziad K. Abdelnour is President & CEO of Blackhawk Partners, Inc., a New York based private equity ”family office” that focuses on originating, structuring, advising and acting as equity investor in management-led buyouts, strategic minority equity investments, equity private placements, consolidations, buildups, and growth capital financing's in companies and projects based both in the US and emerging markets.