Insights From the Founder of Cannabis Startup HiBnb
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. We were fortunate enough to hear some valuable insights during our interview with Elizabeth Becker of HiBnb that will inspire, motivate, and teach aspiring and established entrepreneurs alike.
What advice do you have for aspiring entrepreneurs?
“You really have to love what you do, otherwise you'll never make it. You have to consider what are the reasons that are motivating me with this business — because if it's not soul generating for you, you'll never make it.”
What is your advice for entrepreneurs in your industry specifically?
“For entrepreneurs in the cannabis industry, my advice is to have a hard stomach. This isn't an easy ride. The industry is nascent — it's just developing — and it's hard to forecast where and how it will grow. It's a rollercoaster ride and really not very easy on the nerves.”
What is your advice for coming up with a unique startup idea?
“I think the best thing you can do is let it come to you. If you're thinking about an idea, let it go and see if it haunts you and keeps coming back to you. If it does, it's yours to keep. If you need to chase it, let it go now because there's only one place it will end up, and you don't want to throw years of your life in the trash (although sometimes learning experiences are necessary to build on for your next effort).”
What is your advice for overcoming challenges and failure?
“It's all about having the right attitude. And mindfulness. If you can learn each time and your intentions are aligned with your actions, then there's been no failure.”
What is the biggest lesson you learned and what can aspiring entrepreneurs take from it?
“There are lots of people who want you to pay them and who promise many things. Some of them are honestly excited by what you're doing and they want to contribute. AND be paid for it. It's hard to know who to trust when so many people are coming after you, telling you what they can do for you. So, the biggest lesson I've learned is to wait.”
Next Steps:
- Check out HiBnb's company profile and ways to support them!
- 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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