10 Success lessons from Travis Kalanick – “CEO of Uber” for entrepreneurs

Here are the 10 success lessons from Travis Kalanick – “CEO of Uber” for the entrepreneurs,

1. Find something broken that you’re passionate about

The idea of Uber came when Kalanick faced the simple problem of finding a cab in Paris. Whether it’s Amazon or Google, every big business we see today is helping people solve a problem making their life that much easier and better. When your business is based on solving a specific problem, you add value to the life of your customer.

2. You will make mistakes; Learn and move forward

Kalanick is known to be brash and confrontational. When it comes to defending his company practices, he has stood against taxi industry, rival cab companies, local regulators and sometimes even his own customers. He is incredibly driven by what he does and is not afraid to show it. But there have been times when he has admitted that he probably take the right approach.

3. How hard is your problem?

The more difficult the problem, more effective would be the solution and that in turn would click with consumers. Travis calls himself the Problem Solver-in-charge at Uber

4. Roadblocks may slow you down but don’t let them stop you

Uber has had its fair share of difficulties and still is fighting regulation in new markets. The company even had to fight existing laws to expand it’s business. From cab unions to city regulators, while Uber takes every effort to make commuting as seamless as possible for its customers, it’s own journey has been very rocky. But every step of the way, Kalanick has stood his ground by doing what he calls ‘principled confrontation’.

5. Do not be afraid to start small

Just five years ago, Uber was only a four-person team in San Francisco. Like in any new venture, it was a difficult time with crunched resources and most of the effort went into keep the business afloat.

    
6. Adventure, doing the impossible is all entrepreneurship is all about!

The Uber team spent four weeks in Varkala beach in Kerala coding. Travis is a firm believer that doing the impossible is all entrepreneurship is all about. Talking about seeking adventure, he adds that Uber decided to do the impossible by trying to enter China, a market that almost no foreign company has been able to gain a foothold of.

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SOURCE: KNOWSTARTUP