How to Deal With Failure And Adjust Quickly When Building A Startup | Vidar Brekke | Episode 2
Vidar has 15 years of industry experience, founder of 3 tech startups (one exit) spanning interactive agencies to marketing analytics companies. Currently, as the CEO of Meddle, he is on a mission to provide subject matter experts with the tools they need to establish themselves as thought leaders, earning trust and peer recognition for themselves and their employers. Between startups, he’s served as Chief Product Officer for Conversion, VP Marketing for JP Morgan and Strategist for Ogilvy. Vidar has a MA in Communications and served as an officer in the Norwegian Navy.
Other than that:
Vidar is a co-organizer of TEDxNavesink, a Jazz aficionado, audiophile, home-brewer and purveyor of hobbies too obscure to mention. In his free time he does his best to mold his wife and 8-year old daughter into entrepreneurs as well. One of them is showing great promise¦
- Support of spouse
- Entrepreneurship effect on children
- My parents were self-employed, so to me working for yourself in your own business was natural.
- I came to the U.S. and started working in advertising. I found there was a lot of amazing opportunities working for large companies, but there are also a lot of limitations.
- The catalyst that inspired his leap: It was very hard for me to figure out how I was going to make a difference in the world working for somebody else.
- There is a difference between a Start Up (you have very little resources – stakes are very high) and a small business (something where the rules for how to succeed in that market is fairly known). You have to know which one is the best for you
- First you need to convince your spouse. Very important to have the support of your family. It’s a team effort and both parties need to be aware of the risk.
- To keep yourself motivated you need to believe in yourself. You need to be prepared for failure and treat every bump in the rode as a learning experience.
- Don’t create a Start Up as a hobby, you need to make the leap when its time.
- Failure, Doubt or Fear: When you fail it is a moment of truth. When that has happened to me, I look for a fresh perspective and recharge my batteries.
- Hardest personal sacrifice: Time with family
- What is one time management tip: Well, my wife tells me when I need to stop working. Also, having a paper list and checking off things when they get done.
- Personal habits that attributes to your success as a Father, Entrepreneur: Pencil in family time.
- Manage Health: Have hobbies and read. You need that counterbalance to stay sane.
- Customer Relationship Management Tools – Set reminders on who you need to contact and maintain relationships with.
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