Co-Founder of Tech Startup Traderverse 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. Michael Herman, co-founder of tech startup Traderverse, shared valuable insights during our interview that will inspire and motivate aspiring entrepreneurs.
What advice do you have for aspiring entrepreneurs?
“You will be successful if you truly pursue your passions and surround yourself with a team that shares the same vision and values.”
What is the best method you've found to avoid burnout as an entrepreneur?
“Every entrepreneurial venture has challenges. Burnouts can certainly hinder growth. We have yet to experience any type of burnout because of the fact that we are all so passionate about what we are building at Traderverse. Sure, some aspects of building a business involve work that is slightly outside of the scope of what your overall goal is set to — but if you keep the broad picture in the back of your head, you will eventually get to the finish line. Family is so important to us, and we are building the culture of Traderverse to embody the aspect of family. It is imperative to step away and spend time with the people you love and cherish, have as close of a routine as possible, and make sure to step outside and away from the computer to enjoy nature on a daily basis. It is also important that you understand and really get to know the colleagues you work with so that you can identify if someone is on the verge of burnout, and offer support to them when needed.”
What is your advice for coming up with a unique startup idea?
“Be a solution architect. The idea of Traderverse was developed due to lack of technology or existing problems in the current market space, building upon current technology and encompassing them into an easy-to-use collaborative platform dedicated to traders.”
What is your advice for overcoming challenges and failure?
“It's a must to remain persistent, and even more imperative to have the ability to adapt to situational requirements.”
What is the biggest lesson you learned and what can aspiring entrepreneurs take from it?
“Failures are your best education. You haven't learned from your failures if you repeat the same mistake.”
What is the best advice you've ever received?
“True wealth is in the form of freedom of time. You need to decipher how to create leverage to be able to determine how to free up your time.”
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Next Steps:
- Check out Traderverse’s company profile and ways to support them!
- Hear startup stories from real founders on the Startup Savants podcast.
- Keep up with more startup companies by visiting our list of the top startups to watch.
- Form your own startup by reading our review of the best online incorporation services.
