All posts filed under “English

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Get Your Hands Dirty in Your Early Days

Every entrepreneur wants to turn their business into a scalable business. It means creating a great product that serves a lot of people’s needs in the world. Hence, it is very challenging to create a scalable business without building a product that people love. We have to get customer’s preferences in order to grow and to scale. One of the best practices in creating a product that sparks love from their customer is doing things that aren’t scalable. It may seem contradictory to our goal to create a scalable product by things that aren’t scalable. That is the reason many…

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Finding the Reason Why You are the Best Person to Do This

In one of my trips, I heard a story from podcast about Halodoc founder; Jonathan Sudartha. He talked the story about his life before building Halodoc. He found a problem about lack of access to medical doctors in Indonesia when he started to learn about his family giant business before inherit it. Born in a family that has a giant health and pharmacy business, Jonathan had to learn about how to continue his father’s leadership. He started from the lowest position in the company. He became a salesman that had to sell medicine through doctors. Jonathan had met thousands of…

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Learning Experiences from Airbnb : from the Darkest to the Brightest Outstanding Success during Covid Era

Travel industry is one of industries that got the hardest hit during the covid era. Many travel companies reported huge drops in their revenue. Some companies also have to permanently stop their operations. Airbnb is one of the companies in the travel industry that got a big punch in their face because of covid.  They were in rapid growth in early 2020. Then they have to accept the fact that they lost 80% of their revenue started in April 2020. Aribnb got much media attention after releasing the information that they had to lay off quarter of their employees.  Brian…

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Unescapable Challange

In your entrepreneur journey have you ever faced a problem that makes you really sad and hopeless? Our chest feels burned and our steps feel wobbled. We experienced many sleepless nights wondering countless problems in our business. We are afraid to get out of our bed and to walk into the office to meet our team. Starting a new business is a stressful job that can create emotional turbulence. According to the Gallup Wellbeing Index, 45% of entrepreneurs report being stressed compared to 42% of “other workers.” Entrepreneurs also report being more likely to have nervous wrecks than most people….

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Fight Using the Small Conscience We Believe

Last week I was quite surprised to hear the news about the IPO of Bumble. Bumble is a dating application that puts women to make their first move. Wolfe Herd; the CEO of Bumble, became the youngest self-made woman billionaire in the world after the IPO. She made a warm celebration by carrying her baby in her company’s NASDAQ opening. Bumble started catching my attention when Wolfe Herd was being interviewed in the Master of Scale podcast by Reid Hoffman. She told the story about how she started Bumble. Bumble is not her first dating application, she was a co-founder…

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More than Winning

One of the important aspects in business that becomes a big challenge for entrepreneurs is competition. We see competitors as big enemies that have to be defeated. In a talk show Nadiem Makarim told the story of how he saw his competitor; Grab. Nadiem respected his competitor very much because Gojek could not push themselves to the limit without Grab’s existence. Competing with Grab was a wonderful experience for Nadiem personally. Entrepreneurs often notice the competition as the most important war. Therefore, winning is a must for them so they will do everything in order to win. Yet there is…

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The Victim vs The Player

Being a leader is not only about structural position, but also about responsibility to build cooperating team along with productive work ethic in it. It needs mutual respect and support for each of the members in the company. Yet that would be rather challenging when we see our team members blaming each other, especially when things go wrong. Blaming usually even stimulates more conflicts to happen and makes its person feels alienated from the team unity. In order to create a productive work ethic we have to stop blaming habit and start to take responsibility. Blaming and declining responsibility are…

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Navigating Your Current Stage Using Traction Model

In my previous writing we already know that building a big business dream needs certain stages throughout the journey ahead. The stages are going to help us in breaking down particular milestones we have to achieve. Building an IDR 1 trillion Company would be more measurable when we split the target into some smaller targets in a timeline. To help you divide the stages needed for your business you can use the framework introduced by Ash Maurya in his book titled Running Lean. He divided the startup stages; into three important stages which are Problem Solution Fit stage, Product Market…

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Setting Up Minimum Success Criteria

Every entrepreneur has their own big dream when they start their business. Either they want their business to be a unicorn (business valuation’s reach more than USD 1 billion) or a Phoenix (a business that can survive for hundred years). Therefore, entrepreneurs have difficulties in breaking down their big dream into certain concrete-measurable targets. Hanging our big dream to be a source of our motivation sometimes is not enough. We can lose our confidence when we see the gap between the end goal and the current reality. Moreover, it can damage our team morale and soon they will start looking…

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The Stages of Business Journey

Tesla’s valuation grew by 740% in 2020. They are now the most valuable automakers company in the world. In the early days of Tesla, Elon Musk (CEO of Tesla) had a dream to build a mainstream-affordable and 100 percent electric car. However, building an affordable and 100% electric car is a really hard problem, even for the top 10 biggest automakers, that is still a big deal. Instead of tackling it all at once, Tesla staged their journey into some particular steps. First, they built a high-performance electric sports car; the Tesla Roadster. It targeted high-end market that can afford…

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Slowing Down in Your Early Stage

Many people said that building startup is all about speed and moment. You have to move fast and reach the scaling stage as soon as possible before ruining out your money or outstep by your competitors. This is true when we look at all the unicorns in their place now. They are very fast. They do many things in parallel, and also spend a lot of money more than we can imagine. However, that’s what we see when they are already validated their business model. In my opinion, we have to zoom in on their journey when they are still…