{"id":4814,"date":"2021-01-12T09:32:12","date_gmt":"2021-01-12T04:02:12","guid":{"rendered":"https:\/\/www.tactyqal.com\/blog\/?p=4814"},"modified":"2024-04-28T12:06:00","modified_gmt":"2024-04-28T06:36:00","slug":"ai-coaching-for-startup-ceos","status":"publish","type":"post","link":"https:\/\/tactyqal.com\/blog\/ai-coaching-for-startup-ceos\/","title":{"rendered":"We’ve launched our AI powered business coaching app for startup CEOs"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n

In the words of Venture capitalist Hans Tung,<\/p>\n

\u201cGood entrepreneurs learn from their own mistakes, great entrepreneurs learn from other people\u2019s mistakes\u201d<\/em><\/p>\n

We have just launched the Tactyqal app and want to help every founder become a great entrepreneur.<\/p>\n

We look at startups as a cumulative sum of the founders\u2019 decisions. Each good decision drives a business towards success and each bad decision, away from it. In some cases, even a single bad decision can ruin your business.<\/p>\n

80% of businesses fail<\/a>.<\/p>\n

Most companies fail because CEOs are unable to make the right strategic decisions at the right time. This can be due to decision fatigue or not having the right data and knowledge to make the decisions. Even judges in court offer parole to only 10% of prisoners at the later part of the day compared to 90% in the early part of the day due to decision fatigue.<\/p>\n

Decision making is hard because it’s always about asking the right questions.<\/p>\n

Decision making starts from the time an entrepreneur has to choose whether to start a business or not, whether to get a partner\/cofounder, choosing the right idea, till the time the business is ready to exit either in form of an acquisition or eventually from having to shut down the company.<\/p>\n

Decisions need to be fast, data-driven, and hopefully, right most of the time.<\/p>\n

As a CEO your main role is to make decisions. You don\u2019t succeed by making a single good decision but a set of continuous great decisions. Whether you are the founder of an idea stage startup or CEO of a larger company, your success will depend on how fast and how good you can make decisions.<\/p>\n

Over the last couple of years, we have researched startups as venture capitalists, as market researchers, as growth hackers, and as startup founders.<\/p>\n

We have looked at diverse data which include analyzing 100s of pitch decks, talking to startup founders, looking at investment theses and analyses of different VC firms, research papers, books, and journals.<\/p>\n

We have identified numerous patterns among both successful and unsuccessful startups, and based on our findings we have carefully crafted a set of assessments that will help founders and CEOs scale their business and take important business decisions across<\/p>\n