Founder of SaaS Startup SPOTLYFE 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. Josh Schwede and Scott Fowle, founder of SaaS startup SPOTLYFE, shared valuable insights during our interview that will inspire and motivate aspiring entrepreneurs.
What advice do you have for aspiring entrepreneurs?
“Hire people you can trust and then trust them. It's great to have a strong vision and follow it, but if you don't bring others into the fold and create an atmosphere of trust and contribution, you won't get far, and your vision won't be realized.”
What is the best method you've found to avoid burnout as an entrepreneur?
“You have to be intentional about how you spend your time. It's easy to get caught up in a million details which will make you feel like you can never shut down, never have a life, never have moments of boredom, but in reality, you need time to support yourself first so you can show up stronger in life and at work. And moments of boredom are the moments that lead to the greatest innovation. Make time for those things, and by doing so, you're telling your team it's okay for them to do the same, so they'll show up stronger too. This is a win-win.”
What is your advice for coming up with a unique startup idea?
“Take time to listen to as many people as you can. Listen for their needs and current deficits in their experiences. As you develop your idea from here, test it out, looking at feedback as a positive way to narrow your focus. Avoid getting defensive when you receive feedback - if someone is generous enough to offer you feedback, consider it thoughtfully and apply it if it makes sense.”
What is your advice for overcoming challenges and failure?
“Stay strong and review your plays. Self-reflection is an amazing tool to help you learn from challenges and failures, as well as your wins. Leverage that to help you get stronger and push forward.”
What is the biggest lesson you learned and what can aspiring entrepreneurs take from it?
“Invest in products early. We started off thinking we might not need someone fully leading products, and it led to us building something that was pretty cool but too wide and not deep enough. After bringing in some product expertise, we were able to quickly narrow our focus to allow us to offer an amazing experience with real value behind it.”
Next Steps:
- Check out SPOTLYFE’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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