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What does it take to be a successful entrepreneur?

Sudeshna

Hi, I'm Sudeshna from the abundant psyche, and you are listening to the not so corporate podcast. Here we talk about all of the notes or corporate things that we corporate entrepreneurs do within and outside our work. And today, I have with me, a very special lady who has actually been an inspiration to me without probably even realizing that she was. She is an ex McKinsey consultant turned startup CEO. And she runs one of the coolest, and yet, I think, most valuable of London startups, she runs Kuru kids, which basically, is a technology company that helps parents with childcare. And as a new parent myself, I have realized that this was certainly one of the things that were missing from the startup scene cheered in London anyway. And I'm so excited to have Rachel Carol with me. Rachel, welcome.


Rachel

Thank you very much. I'm excited to be here.


Sudeshna

For anyone who is looking to start up a business in the near medium, long term. Do you have any advice for them?


Rachel

Probably a lot, I think a huge amount of what you need to do is known is like, it's, it's, there are best practices out there. And there are books written and there are startup podcasts, and there are like blogs. And I think this kind of comes back to the humility point. So like, the more you can be a sponge, and have that learning trajectory be as steep as possible, that the slope of your trajectory is much more important than your starting point, right? Like to have, if you imagine a graph, you can be halfway up the graph, or you can be, you know, like three-quarters of the way up the graph, which is a big difference. But that will pale compared to the difference in the slope of your trajectory. But very quickly, you can overcome someone who has a couple more years of experience than you by the slope of your learning. And you know, this is saying, I really like that some people have 10 years experience and other people have one year of experience 10 times. And I think that's very true. That is about the slope of their trajectory. They don't, they're not, they're not learning. So I think the absolute most important factor is how quickly can you learn what is the absolute most important and in order and then it becomes Okay, well, how do I learn more? How do I learn faster? And that then becomes, okay, well, I need to seek out people who know what they're talking about on specific questions. And then you know, and then it becomes, and then you know, you have to keep questioning, okay, well, then I have to talk to an expert. Okay, who's the best expert I can get? hold off. Okay, cool. That person, right? And then when I talk to them, I have to have the best questions, not just vague questions, I need to have the best grit and you know, I need to really make the most of my 1010 minutes and ask them for recommendations. And if you kind of constantly thinking like how can I accelerate my learning at this moment, like if you're thinking that all the time, that's going to be the single greatest factor, I think.