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Was Mortgaging My Life Worth it?
What's My Startup Worth in an Acquisition?
When Our Ambition is Our Enemy
Are Startups in a "Silent Recession"?
The 5 Types of Startup Funding
What Is Startup Funding?
Do Founders Deserve Their Profit?
Michelle Glauser on Diversity and Inclusion
The Utter STUPIDITY of "Risking it All"
Committees Are Where Progress Goes to Die
More Money (Really Means) More Problems
Why Most Founders Don't Get Rich
Investors will be Obsolete
Why is a Founder so Hard to Replace?
We Can't Grow by Saying "No"
Do People Really Want Me to Succeed?
Is the Problem the Player or the Coach?
Will Investors Bail Me Out?
The Value of Actually Getting Paid
Why do Founders Suck at Asking for Help?
Wait a Minute before Giving Away Equity
You Only Think You Work Hard
SMALL is the New Big — Embracing Efficiency in the Age of AI
The 9 Best Growth Agencies for Startups
This is BOOTSTRAPPED — 3 Strategies to Build Your Startup Without Funding
Never Share Your Net Worth
A Steady Hand in the Middle of the Storm
Risk it All vs Steady Paycheck
How About a Startup that Just Makes Money?
How to Recruit a Rockstar Advisor
Why Having Zero Experience is a Huge Asset
My Competitor Got Funded — Am I Screwed?
The Hidden Treasure of Failed Startups
If It Makes Money, It Makes Sense
Why do VCs Keep Giving Failed Founders Money?
$10K Per Month isn't Just Revenue — It's Life Support
The Ridiculous Spectrum of Investor Feedback
Startup CEOs Aren't Really CEOs
Series A, B, C, D, and E Funding: How It Works
Best Pitch Decks Ever: The Most Successful Fundraising Pitches You Need to Know
When to Raise Funds
Why Aren't Investors Responding to Me?
Should I Regret Not Raising Capital?
Unemployment Cases — Why I LOOOOOVE To Win Them So Much.
How Much to Pay Yourself
Heat-Seeking Missile: WePay’s Journey to Product-Market Fit — Interview with Rich Aberman, Co-Founder of Wepay
The R&D technique for startups: Rip off & Duplicate
Why Some Startups Win.
Chapter #1: First Steps To Validate Your Business Idea
Product Users, Not Ideas, Will Determine Your Startup’s Fate
Drop Your Free Tier
Your Advisors Are Probably Wrong
Growth Isn't Always Good
How to Shut Down Gracefully
How Does My Startup Get Acquired?
Can Entrepreneurship Be Taught?
How to Pick the Wrong Co-Founder
Staying Small While Going Big
Investors are NOT on Our Side of the Table
Who am I Really Competing Against?
Why Can't Founders Replace Themselves?
Actually, We Have Plenty of Time
Quitting vs Letting Go
How Startups Actually Get Bought
What if I'm Building the Wrong Product?
Are Founders Driven by Fear or Greed?
Why I'm Either Working or Feeling Guilty
Startup Financial Assumptions
Why Every Kid Should be a Startup Founder
We Only Have to be Right Once
If a Startup Sinks, Founders Go Down With it
Founder Success: We Need a Strict Definition of Personal Success
Is Quiet Quitting a Problem at Startup Companies?
Founder Exits are Hard Work and Good Fortune, Not "Good Luck"
Finalizing Startup Projections
All Founders are Beloved In Good Times
Our Startup Culture of Entitlement
The Bullshit Case for Raising Capital
How do We Manage Our Founder Flaws?
What If my plan for retirement is "never retire"?
Startup Failure is just One Chapter in Founder Life
6 Similarities between Startup Founders and Pro Athletes
All Founders Make Bad Decisions — and That's OK
Startup Board Negotiations: How do I tell the board I need a new deal?
Founder Sacrifice — At What Point Have I Gone Too Far?
Youth Entrepreneurship: Can Middle Schoolers be Founders?
Living the Founder Legend Isn't so Fun
Why Do VC Funded Startups Love "Fake Growth?"
How Should I Share My Wealth with Family?
How Many Deaths Can a Startup Survive?
This is Probably Your Last Success
Why Do We Still Have Full-Time Employees?
The Case Against Full Transparency
Should I Feel Guilty for Failing?
Always Take Money off the Table
Founder Impostor Syndrome Never Goes Away
When is Founder Ego Too Much?
The Invention of the 20-Something-Year-Old Founder
Once a Founder, Always a Founder
Big Starts Breed False Victories

How do We Manage Our Founder Flaws?

Wil Schroter

How do We Manage Our Founder Flaws?

We're all freaked out about sharing our flaws.

We're worried that employees, investors, customers, and just about anyone else will think less of us. Maybe they won't invest, maybe they won't buy our products, or maybe they won't come to work for us.  

Sharing our flaws is terrifying. But it's also one of the most liberating things we can do not just as Founders, but as the weirdo humans we all are.

What I've learned over the years is that part of being a CEO is learning how to be comfortable sharing your flaws. In fact, sharing your flaws can actually be extremely helpful to your team because it helps them know that you're human too (which is good news because we all are).

When it comes down to it though, there are a few main reasons why we don't want to share our flaws:

1) We're afraid people will judge us or think less of us if they see our mess-ups.

2) And they'll expect us not to make those same mistakes (or any others) again in the future.

3) They'll lose faith in our leadership and not invest in us (either in capital from investors, or work from our employees).

You're the Founder/CEO of Startups — do you have flaws?

Geez, where do I begin? I've been building startups for nearly 3 decades and I have tons of flaws. I've got massive ADHD (I can't even proofread this sentence without losing focus), terminal pain, crippling anxiety — and I can't dance to save my life.  

For a long time, I would have never even considered telling anyone that. But over time I've come to learn, especially among other Founders, that sharing our vulnerabilities has become one of the most honest forms of connection we can have, especially in an era of photoshopped social personas and manufactured egos.

Sharing our flaws builds trust because it's one of the few things in life no one really lies about. It also invites others to engage in an honest place, which is very powerful.

Successful businesses all have one thing in common: emotionally attached founders risking their well being at any present moment for the sake of the business plan.

How do I share my flaws without looking like a train wreck? 

"I feel like as a Founder I've got to put up a persona of being this ideal leader and don't have any space to not be "perfect."

You are not alone in feeling that way. It's probably why you're here.

What it comes down to is how you define your role. As the leader of a company, you have to lead by example. But that doesn't mean being "perfect" all the time (whatever that is). This means that you have to be authentic and honest with yourself and others about what you're thinking and feeling.

If we take this back to the idea that there are no such things as perfect leaders, then it makes sense that they wouldn't be able to be perfect all the time. This means we will have flaws too (you can't get away from them). However, our mistakes don't make us less qualified or worthy of leading a company — they just mean we're human!

The key is to talk about how we manage our flaws.  

A while back I wrote about "How I Harness my Insane Startup Anxiety" which detailed exactly what my flaws looked like and how I'm working to judo move that shit into something I can turn into a superpower.  

Not every flaw will become a superpower. Some, like depression, are just a giant challenge that doesn't necessarily lead to a huge benefit. But if we're demonstrating openness to own and manage our flaws, even if it's all cost and no benefit, it shows serious responsibility that people will look for and admire in a leader.

Chronic stress is a commone thread for many founders. Remaining constantly stressed either as sole founders or business partners doesn't solve problems, it only creates more.

As a Founder, How do I Manage stress and Keep My Mental Health up?

So how do we deal with these feelings? How do we make sure they don’t get in the way of us being effective leaders?

Managing stress is a very important part of the journey as a startup founder.

As the CEO of your company, you need to be able to handle all sorts of situations and keep your cool no matter what happens.

But if you're not careful, too much stress can lead to burnout. Burnout is when you're so tired from work that you can't think straight or manage your emotions anymore. It's like being in a perpetual state of fight or flight mode without any real danger happening in front of you.

Stress comes with the territory of being a founder — it's part of running a business. But there are ways to keep stress levels down and avoid burnout completely.

Here are some tips:

1) Take time off every week (or at least once per month) — This is especially important if you're working on weekends as well as during the weekdays (which most founders do). Your brain needs time off just like any other muscle in your body — otherwise, it gets tired and sick more easily. So take time off each week, even if it's just an hour here and there. Even 15 minutes will help!

2) Get enough sleep — Sleep is very important for brain function and productivity. Some people need more than others, but if you're not getting at least 6 hours per night consistently then it may be worth looking into what's causing this loss of sleep (and fixing it). If you're working on something that isn't directly related to running your company, try waking up earlier so that you can work on it before work or during lunch.

3) Exercise — Exercise releases endorphins which make us feel better overall so it's a great way to reduce stress levels and improve our moods. Exercise also helps increase focus which is essential when running a business as there are many distractions out there!

As a new business, you may be seeking venture capital or working with a consulting firm, and admitting you have flaws in the early days of a founding team as the company grows wreaks havoc on our stress levels.

When should I probably keep my flaws to myself?

Just because being vulnerable is honest doesn't mean it's always appropriate. As leaders, we also have a responsibility to take time to process the consequences of our flaws, and ideally make preparations to manage them, before simply puking them out on social media or at a company lunch.

We have to understand that our flaws are a business challenge like any other, and the folks around us are going to assume we've got a plan for it. Maybe we don't. But it's usually better to present those flaws, or for that matter almost any other challenge in our business when we also have a cogent plan of attack.

It's not our flaws that are the challenge — it's how we handle that challenge that people care about.

In Case You Missed It 

The Emotional Cost of Being a Founder. When we talk about building startups, we talk about lots of costs: Staffing costs, the cost of capital, cost per acquisition, and opportunity costs. But we never talk about the biggest cost – the emotional cost.

3 Benefits of Emotional Intelligence for Today’s Business Leaders. Leaders who can recognize their own emotions in relation to how they affect their behavior are better able to control their own impulses and handle change.

Why Do I Feel So Alone? No one ever tells you in the “Starting a Company” brochure that the journey will not only include crippling anxiety, drowning in personal debt, and endless challenges — but also a healthy dose of personal loneliness.

Dorry Levis

I think we worry too much in vain, and these fears prevent us from living. I am not an exception. Something constantly worries me and these disturbing thoughts interfere with me. I want to take the first step towards positive changes with the help of a psychotherapist, so I am looking for qualified help and support.

Reply2 years ago

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