On 22nd October 2018, Partipost and BLOCK71 hosted the second panel of a three-part series talk held at BLOCK71. The topic was ‘The Right Way To Handle Things Going Wrong’. The aim of the sharing was to discuss the difficulties of handling failures in a startup and the right way to go about facing it. In order to give our audience the most insightful experience possible, Partipost invited speakers who are experts in their own rights in this field to share their thoughts and opinions.
The speakers include Sam Lipoff, the Co-Founder and CTO of Vybes, Lucy, the Founder of Upstart Alliance and UA Digital, Michael Cheng, the Principal Software Engineer Digital Technology at SP Group Ltd and last but not least, Partipost’s CTO, Jo Tan. Partipost also invited Ethan Ang, the Co-Founder of Nodeflair to be the moderator of the talk.
Here is a summary of the key takeaways from the talk.
You have probably heard of this advice a million times in your life but it is true! The first step to correctly handling something that is going wrong is accepting the fact that things may fail. What’s important is we learn from it and improve from our failures. Being afraid of failing chains our thoughts and may even hinder us from trying novel ideas that may turn out to be perfect solutions.
To a certain extent, we can prevent failures and manage our failures should it happen. For the tech and product teams of startups, this means running tests, making calculated risks based on data and extensive research, devising a Plan B and managing the expectations of users. Failing isn’t the end, we can and should learn to manage it!
Yes, it’s ok to fail. For startups, failure happens all the time. It all boils down to how quickly we are able to learn, adapt and improve from it. This is the key to succeeding as a startup!
(From left to right: Ethan Ang, the Co-Founder of Nodeflair, Lucy, the Founder of Upstart Alliance and UA Digital, Sam Lipoff, the Co-Founder and CTO of Vybes, Jo Tan, the CTO of Partipost and Michael Cheng, the Principal Software Engineer Digital Technology at SP Group Ltd)
Watch the recording HERE, to find out what exactly went down at the talk!
The Partipost app makes social media influencing a pastime that anyone and everyone can participate in. What are you waiting for? Download the Partipost app for FREE on both iOS and Android devices and join exciting social media campaigns that have attractive rewards for you to earn!