Founder of Fintech Startup Connectd Shares Their Top Insights
Last Updated: By TRUiC Team
Any entrepreneur can tell you, launching a startup is a learning process. Therefore, one of the best things you can do prior to launching a startup of your own is to learn from those who have blazed the trail. Roei Samuel, founder of fintech startup Connectd, shared valuable insights during our interview that will inspire and motivate aspiring entrepreneurs.
What advice do you have for aspiring entrepreneurs?
“Don't worry about failing, but make sure you learn from mistakes and keep plugging away. Taking risks and falling short is a part of the journey sometimes; it can't all be rosy, so make sure you make calculated decisions, and if they don't work out, take the learnings and move on.”
What is the best method you've found to avoid burnout as an entrepreneur?
“Using meditation and making sure that I exercise each day, as well as prioritizing time to socialize with friends and family. Candidly, you need a support network if you are to succeed, and these people are crucial to that success.”
What is your advice for coming up with a unique startup idea?
“There aren't many 'new' ideas, but there are plenty of ideas that do something better than what already exists. So if you have an idea like this, don't hesitate because someone else will eventually get there too. Make sure you figure out the short and long-term vision and scalability of the business.”
What is your advice for overcoming challenges and failure?
“Build your mental resilience during the failures, don't let them get you too down, and when they happen, lean on your support network. This could also be your peers, as you won't be the only one to have failed at something before; ask them about how they rose above a challenge.
Personally, I believe it's best to take a step back, breathe, and look at the situation. Evaluate your options and make sure you understand where things went wrong, then you can make an informed decision to move forward.”
What is the biggest lesson you learned and what can aspiring entrepreneurs take from it?
“Failing isn't a negative thing, despite the stigma attached to it. We need to fail in order to succeed. From mistakes, we learn and grow, and that is important. You must never forget who your friends are, and despite needing to sacrifice your personal time to be a success, you must make time for them too. They are there for you through the good and the bad, and entrepreneurs need to remember that plugging endless hours into your business can lead to burnout.”
Next Steps:
- Check out Connectd’s company profile!
- Keep up with more startup companies by following Startup Savant on Google News!
- Start your own startup by reading our How to Start a Startup guide.
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