As a part of my work, I come across a lot of entrepreneurs who are looking to start a new venture. Most entrepreneurs that I come across are individuals who are looking to quit their jobs and take up the challenge of starting a business. This makes them look at a start-up as an income replacement machine.
They expect the venture to start paying their bills soon enough, which is quite a high standard set for the venture. This is where most lack perspective and do not look at starting up in the right manner.
Creating a start-up can be likened to having a child. Some are prodigal, some not so much; but almost all of them take a lot of time and attention. They might needs sometime to find their feet and start walking on their own and most certainly till such time you have to support it.
Almost everyone spends too much time putting together business plans and numbers. When you have a child, do you write out business plans? You plan; but not to the extent to putting down every number in black and white. Similarly with a start-up it is important not to plan excessively.
Do something you love doing – You will turn out to be quite good at it if not the best.
Do not plan too much – Thing rarely, if ever, follow the course of plans
Research before you start – Make sure that your idea offers a tangible solution to your target audience. Something better than what already exists.
Think positive – It makes a lot of difference
Back yourself for the lang haul – If the venture does not turn out to be prodigal son that you expected, it need not necessarily be a complete wash out either. Be prepared for the long innings, just in case.
This Post Has 16 Comments
Starting a start up is without a doubt a tricky thing. I have worked with some student entrepreneur groups and it is hard to convince them at times that what they are doing is worth it. But when you come across the students who love what they’re doing, all of the work doesn’t seem like a burden. Finding something you love is probably the most helpful part of starting a start up. Thanks for all of your tips!
Loving what you do is important. It is probably the greatest advantage of becoming an entrepreneur, you can do what you love! One needs to be passionate about what they do. Love will get you so far, passion will take you all the way! Thanks a lot for reading and writing back.
Hello, just wanted to tell you, I enjoyed this post.
It was helpful. Keep on posting!
Thanks for the encouragement
Have you ever thought about including a little bit
more than just your articles? I mean, what you say is important
and all. However just imagine if you added
some great graphics or videos to give your posts more, “pop”!
Your content is excellent but with pics and video clips, this website could definitely be one of the most beneficial in its field.
Thanks for your comments Ashlee. I appreciate your inputs. I am very new to wordpress. Just give me sometime to tinker with the setup and I assure you there will be more “pop”!
Hmm it seems like your website ate my first comment (it was super long)
so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog.
I as well am an aspiring blog writer but I’m still new to everything. Do you have any suggestions for first-time blog writers? I’d genuinely appreciate it.
I am a first timer as well. My only advice to you is to get started. Don’t worry what people might or might not think. You may be surprised as I am right now to find as many comments on my blog! The only challenge is to stick to doing it. Discipline is hard to come.
Greetings! Very useful advice within this post! It’s the little changes which will make the most important changes. Thanks for sharing!
Thanks for finally talking about >Starting a
Start-Up? | Thoughts <Loved it!
Thank you very much for taking the time to read.
Very good article. I am facing many of these issues as well.
Do you mind if I quote a couple of your posts as long as I provide credit and
sources back to your website? My website is in the exact same niche as yours and my users would genuinely benefit from some
of the information you provide here. Please let me know if this ok
with you. Regards!
I am fine with you quoting as long as you provide credits.
Way cool! Some extremely valid points! I appreciate
you writing this article and also the rest of the site is