[CEO Friday] One Piece of Advice for Budding Entrepreneurs

David Barrett —  December 12, 2014 — 2 Comments

You can troll all day on the internet for tips and tricks on what you should and shouldn’t do as a first time entrepreneur.  Maybe it’s not your first time, but you’re still figuring things out.  Either way, here’s one more that you probably already know (deep within your heart, maybe?).

Burger King's got it right. Have it your way

Burger King’s pretty much got it right. 

Do It Your Way

Everybody will tell you what you’re supposed to do, if you ask them.  Don’t ask, just figure out what kind of company you wish existed, and make it.  Maybe it’ll succeed, maybe it’ll fail, but either way your odds are best if you trust your instincts and ignore the naysayers.

This Doesn’t Just Apply to Founders

If you’re a manager or employee hoping to be an entrepreneur one day, this still applies to you!

Everything we do at Expensify is governed by two rules: 1) Get shit done, and 2) Don’t screw it up for everyone else.  Both rules are complimentary and equally important: one drives you forward, the other keeps you in check.  But both rules require a tremendous amount individual maturity and trust in your peers.

For example, if you’re a manager, don’t micromanage your employees.  Let them do things their way and let them figure things out for themselves. If they need help, they’ll ask. If you’re an employee, figure out what your employee wants and deliver it in a unique way that adds value and creativity.

As an entrepreneur, it’s important to take advice, but do it selectively. At the end of the day, your instinct is what’s gotten you this far, so why change that now if you’re sure it’s what you want to do?

David Barrett

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Founder of Expensify, destroyer of expense reports, and savior to frustrated employees worldwide.

2 responses to [CEO Friday] One Piece of Advice for Budding Entrepreneurs

  1. 

    I love this piece. Really the way to do things. I also ADORE your product. I started a new job in September and my last company, while a great company, had a super painful expense product. It’s a breeze to use yours.

  2. 

    Thanks for the love, Sherri! We’d love to feature you and Luxury Retreats on our blog for our Expensifier of the Week series – if you’re interested email me at joanieATexpensifyDOTcom

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