Related: 12 Leadership Lessons from Mailchimp Co-Founder and CEO Ben Chestnut 4. But as a new entrepreneur, you need to learn to take ownership of those things. For example, if you're a chef who opens up your own restaurant, picking a restaurant space, designing the decor, hiring people and designing a menu might not be your forte, because you're a chef. The other 95 percent of your time is spent doing things that you have never trained for or that you might not feel confident in. The thing that you do the best at is the thing you will do five percent of the time. There can be a lot of discomfort in being an entrepreneur. Entrepreneurship is a willingness to throw yourself into the unknown For example, "They post jobs everywhere" is ZipRecruiter's thing.ģ. Listen to the first sentence out of their mouth, and however they described you in that first sentence - that's your one thing. How do you find what your one thing is? Have a current customer who loves you talk to a prospective customer. Your business might do and offer many things, but he believes every company is famous for selling one thing, so know what makes you special, and focus on telling as many people as possible about it. Instead, Siegel suggests that the best way to grow a business, after you have found product-market fit, is to invest heavily in all of the different ways you can become ubiquitous. The vast majority of people think that growing their business means building something else or something new, and that's not always true. Focus on telling everyone what your one thing is versus building something new "All I did for research to build this business was build the service that I wished existed throughout my career." 2. ZipRecruiter is a rare example of immediate market fit, and according to Siegel, that's because he trusted his gut. Build the service that you wish you could use Here are 20 takeaways from my hour-long conversation with this remarkable entrepreneur who generously shared his key leadership lessons: 1. "And to make matters worse, every site had different mechanisms for collecting the candidates." So, he did what everybody did back then he printed out all of the resumes and put them into stacks to combine all of the applicants for one job into one reviewable list. "My teams across the board were too small to have an HR department to do the recruiting, so I had to personally put the same job post on multiple websites," Siegel says. He spent his entire career working for early stage internet startups, and he experienced first-hand the pain points of his the recruitment hiring industry. When Siegel shares where the idea for ZipRecruiter came from, one can see why it was profitable from the beginning. Employers can easily send a job to over 100 websites with one push of a button, while job seekers have one easy-to-search database with a list of roles pulled in from across the internet. It's easy to see why the platform has become so popular. ZipRecruiter is an online employment marketplace that uses matching technology to connect millions of job-seekers to their next opportunity - over 900 million job applications have been submitted through the site. Are you excited about learning, improving, and growing? A hunger for knowledge and the readiness to learn are fundamental for a serial entrepreneur.Siegel co-founded ZipRecruiter with three of his friends in Santa Monica, California in 2010, and it has grown to employ more than 900 people and disrupt the recruitment industry since its inception. The world of startups and business innovations is continually evolving. Perseverance:ĭo you have a tenacity that helps you push through challenges, or do you find it easy to throw in the towel when things get tough? Serial entrepreneurs need to have a "never quit" attitude, taking each setback as a challenge to overcome. As you contemplate this career path, consider whether you can adjust your sails when the winds change direction. The ability to pivot and adjust to new circumstances is a vital skill for serial entrepreneurs. When faced with the possibility of failure, how do you respond? It's crucial to understand that in the world of serial entrepreneurship, failure isn't an endpoint, but rather an opportunity for growth and understanding. Serial entrepreneurship offers an exciting and demanding rollercoaster ride in the business world, and it requires a specific mindset and skills. If becoming a serial entrepreneur is on your radar, introspection is key.
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