Although the thought of money is exciting, I believe a startup is probably the least lucrative way of achieving this goal. There ought to be lots of better avenues to make money such as a job, freelancing, side hustle and even investments. These still give you better chance at making money than a startup where the risk of failure is immense.
The entrepreneurial world can get slightly cruel at times. I can recall a fair few situations where things have seemed bleak and success has been hard to come by. Even in cases where I thought that the chances of failure are less, I have been proved wrong.
I guess such is life – we only have outcomes, our efforts and in hindsight a story of why things did not work the way we wanted.
If we are looking at a life with zero chance of failure, the utopia is probably much further from the truth than we are prepared to accept. And nothing ever comes from denial! – We can deny all we want, for all our life, but the results are the results – nothing beats the truth!
Although it has huge benefits, the mindset does pose some challenges as well. Our lives are about finding a balance that works best for us. In this article, we talk about the advantages and disadvantages of the entrepreneurial mindset.
Although it sounds very sexy, the answer to the question – of why work for a startup need not be simple. You’ll be investing the most important resource – your time and emotions at the prime of your career. It sounds amazing and cool to work for a startup, but it has its challenges too.
Business plan for startup: No matter what stage your business is in, the business plan is one of the most important assets. Looking back at my startup fundraising days – I can recall the number of times investors asked us multiple questions on it. Considering that it is the best asset you have as an entrepreneur, … Read more
I’m thrilled to find out more and write about startup India today. Just the last month, our PM marked 16th January as National startup day – calling startups the backbone of the Indian Economy. As an entrepreneur and startup founder, I’m excited to see the amount of support coming in for budding startups. We all … Read more
I’m fascinated to read about this today. The headlines roared that wordle – the online puzzle game has been sold to New York Times for an undisclosed 7 figure number. (Source) The news is startling from the sense of a common startup belief about the hockey curve and exponential growth. Normally new startups go through … Read more
It is refreshing to hear that the 16th of January has been officially coined as the National Startup Day as a mark of recognition of the contribution of startups to the country. The PM Office proudly calls startups the backbone of New India. Of course, startups have a huge influence on the economy, creating jobs … Read more
I was recently researching the main reasons why startups fail in India – the results surprised me a little. Although my immediate stock response was lack of funds, it was interesting to see the stats pointing towards strategy, business plan and innovation. There are plenty of reasons for startups to fail and as we know … Read more
Entrepreneurial skills: In this article, we talk about key entrepreneurial skills required to create and manage a startup. As you already know, entrepreneurship has its own set of challenges and risks as opposed to an established business. In this article, we explore the key skills required to deal with the challenges of being an entrepreneur. Entrepreneurial … Read more