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!
The formula for success in a startup: Discussion about achieving success in a startup. Naturally in this post, we don’t have a magical answer which ensures you 100% but an analysis of the inspirational quote from Thomas Watson about doubling your rate of failure. We will touch upon key points such as taking feedback, working … Read more
The best startups generally come from somebody needing to scratch an itch. – Michael Arrington, TechCrunch founder The topic today is rather simple and the quote for inspiration is just the need to scratch an itch. As you know by now- I do love writing about startups. In particular, most of our articles are focused … Read more
Discussion about key resources available for learning by doing in a startup. For a boot strapping startup, it is very essential to have access to free resources for skill development. The skills alluded in this discussion are tangible sources such as online courses, mentors and business accelerators.
Some of these resources can be put into use straight away and provide a direction for your startup to grow. Most resources highlighted in this section are free or have a boot strapping route highlighted.
I don’t pay good wages because I have a lot of money, I have a lot of money because I pay good wages – Robert Bosch This quote has a very beautiful impact in the aspects of recognition, reward and a beautiful long term which some businesses miss out in the realm of achieving short … Read more
Done is better than perfect – Sheryl Sandberg, Facebook Done is better than Perfect! This quote echoes with the agile business philosophies which I feel so dearly for. All entrepreneurial experience so far has been about getting things done. Although there was always a huge focus on quality of produce, it was more important to … Read more
I rate enthusiasm even above professional skill – Edward Appleton Attitude Vs professional skill The world of startup is a fantastic one, its challenges are fairly common – lack of resources and huge ambitions. Quite a toxic combination if you ask me, but I am amazed each time I see the temerity to make things … Read more
It is very easy and natural to be tempered to do everything and offer more services and products to customers. The thought of why not’ creeps in and makes you wonder if it is really worth venturing. Esp for a startup when there’s not a lot of income, the danger is the easy buck which can often distract us from the real business strategy. It is quite relevant to ask the question as to where your market lies – horizontal vs vertical market!
The greater danger for most of us lies in not setting our aim too high and falling short , but in setting our aim too low and achieving our mark Michelangelo It’s a bit of a stretch to be assigning this into startup quotes. But at the same time, I can’t argue with the theme … Read more