When to pivot, part ways with a co-founder & trust your authentic self - Martins Bratuskins, COO & Co-Founder of Monetizr
Updated: Apr 17
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Should I pivot or keep searching for the right business model? For many founders, this dilemma feels like the final decision to make. Do we keep going or is this the end of our journey?
In this episode, Cocoon Program CEO Farhad Niyoz talks with COO & Co-Founder of Monetizr Martins Bratuskins. Martins tells his experience of what happens in the founder's mind when the passion for an idea is so powerful that even after several near-bankruptcies there is a fire to keep going. Both entrepreneurs share their different perspectives on what it means to be your authentic self and how meaningful connections bring honest conversations and have transformed their business into a more open and efficient work environment.
Expect to hear learned lessons and practical advice on topics such as:
➡️ How to train your intuition
➡️ Why it is important to hire fast and fire fast
➡️ When to know it is time to part ways with a co-founder
➡️ What mistakes to avoid when dealing with investor money
➡️ How being your authentic self will boost your team dynamics and trust
➡️ The difference between business-oriented and personal growth-oriented mentorship
Overview of the topics: 00:30 Welcome COO & Co-Founder of Monetizr Martins Bratuskins
1:19 Creating meaningful experiences inside a network of mobile games
4:41 Three steps for validating your idea
6:05 Finding a co-founder with similar problems
8:52 How to recognize the moment to pivot instead of quitting
14:42 Saving business with the right connection at the right time
17:44 Finding the perfect customer fit for one last try
20:03 Reshaping the team's mindset for the company's final push
22:39 Learning from near-bankruptcy experiences to maintain a positive mindset
25:19 Bringing innovation to one of the biggest industries in the world
27:02 Most valuable lessons from breaking up with a co-founder
29:00 How to recognize when to split with your founder
31:50 Mastering feedback for more efficient relationships
38:17 Building with passion, not a goal to exit
40:29 Avoid this mistake when spending investor money
44:39 What to focus on when onboarding new team members
50:03 Balancing data with intuition decision making
51:17 How to train and use your intuition
53:38 Why strong relationships will scale your startup to the next level
55:29 Importance of inner growth-oriented mentorship for a founder
56:45 Most impactful changes for Martins in past years
Welcome to the Inner Power Particles podcast. Here we talk with entrepreneurs and leaders about their challenges and lessons learned to improve their inner strength. We do this to share their journey and knowledge with you so that you can improve as a leader and a person. Resources: To learn more useful tools for CEOs and C-level managers ➡️ https://www.cocoonprogram.com/resources
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Farhad Niyoz is the CEO of Cocoon.