Founder of Fintech Startup Debbie 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. Rachel Lauren, founder of fintech startup Debbie, shared valuable insights during our interview that will inspire and motivate aspiring entrepreneurs.
What advice do you have for aspiring entrepreneurs?
“Focus on the problem as intensely as you can rather than the solution. You may get lost working on the solution and never really solve the problem you intended to solve.”
What is the best method you've found to avoid burnout as an entrepreneur?
“Treat it as a marathon, not a sprint. Venture funds and the media will convince you that you need to move as quickly as possible. Not being hard on yourself is the only way to tune this out.”
What is your advice for coming up with a unique startup idea?
“Don't try to come up with an idea. Look for problems in your day-to-day life, and the idea will become obvious. While working on Debbie, I think we've come up with three to four other business ideas already from frustrations we've had as business owners.”
What is your advice for overcoming challenges and failure?
“Make sure to have someone to lean on. Having partners/co-founders can make the failures easier to bear and the successes more sweet. Having accountability partners means having support when you need a hand.”
What is the biggest lesson you learned and what can aspiring entrepreneurs take from it?
“We're all still learning every day. The biggest lesson I've learned is to focus on the business, less on the hype. If you focus on the business, the hype will come.”
What is the best advice you've ever received?
“Don't be afraid to ask for help from your colleagues and people you've worked with. They'll surprise you. Advisory, mentorship, investment, etc., will come.”
Recommended:
- Check out Debbie’s company profile, origin story, and ways to support them!
- Keep up with more startup companies by visiting our list of the top startups to watch.
- Hear startup stories from real founders on the Startup Savants podcast.
- Form your own startup by reading our review of the best online incorporation services.
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