Lately I’ve been hearing about opening a startup as if it were child’s play! often from (excellent) employees who have been talking about it for a long time. I have been an entrepreneur since 2005: before opening a company I worked my way up! I ate M. for years. Today! after developing two successful companies and employing hundreds of people! I can say that achieving results requires luck!
The idea matters little
On social networks and mass media everyone talks about denmark telegram data the easy successes of the founders of Uber! Tesla & Google! but in 99% of cases this is not the case: there are many things that are not talked about. Every year some new entrepreneurs ask me to finance or join their startup. For them and for you! who dream of your own business! I have summarized a selection of the most important and least publicized things to know before (not after) creating a startup .
The ACTIONS you take count
Having the idea of doing 100 sit-ups every day is different than doing them. Execution dominates! ideas are commodities. Failure: 9 out of 10 don’t make it. You have to be ready to accept it if it goes wrong. With serenity. Startup marketing helps to launch a business but it’s not enough: you also need the right people! the cash! the entrepreneurial ability.
This will last at least 3 or 4 years after launch
Salary of startup founders and workers: you earn much less than average. You will often miss vacations (or have to work on holidays and weekends). Layoffs: sometimes you will have to send away people you appreciate but who don’t fit the numbers at that moment. Growth hacking: even when it works! it is often not enough to generate cash in the short term.
Companies like Facebook
With Likes and SEO sessions you don’t how to fix a leaky sales funnel? pay salaries. Surviving alone: in the first 3 years of the startup’s life! you have to make it on your own and not immediately look for money from an investor without first having validated the effectiveness of the idea in the field. Benchmark: Google! Amazon and LinkedIn are rare and lucky cases (0.001%). For the first 3-5 years you don’t even think about these success stories for a minute.
Do your startup if you want and are convinced
If you then go and study well they struggled dating data a lot at the beginning. Matches TODAY! Not TOMORROW. Now look for someone who has actually done it and allows you to learn from the mistakes of others! It will cost you less than doing it yourself. I hope a lot of people can avoid the same mistakes I made.