capture-2Some may say you’ll ace it and some may say you can’t do it . No matter what they say or what you feel, you must give a thought to following factors before you quit your well paid job or drop our of college to startup:

 

    • Motive – Some Entrepreneur startup just to make money and there are few who get the thrill in solving real life problems. Recognize yourself, what is the motive to startup and the Ideas will follow. No matter what your idea is, it is the reason which will always motivate you to sail through in the bad weather.

 

    • What To Do – Identify a problem that you believe, needs to be solved. Carry out a brief research on factors driving the problem. Don’t bother about feasibility of problem solving because all problems are not solved just by addressing the problem itself but it is more important to address the root cause.

 

 

    • Core Team – It always was and always will be Team work. Identify the people who share a similar vision as yours. Sharing the same vision does not mean you both have same personality. Rather the co-founders should be diverse in personality because people from different background always bring fresh perspectives to the table. Do not offer commitment to become co-founders in the first meeting itself. It is always better to spend time first to know each before you enter into partnership. It is similar to entering into love relationship. You should always understand each other before making big commitments. For some it may take days, for some it may take weeks and for some it may even take months.

 

    • Perseverance – Promise yourself to never give up. There will be all sorts of days, happy days, happier days, bad days and the worst days. There will be problems you can never think of. Situation and people change due to circumstances not under your control. But you must always remind yourself of the reason why you started and you will be fine. Do you know Angry birds was the 52nd game of Rovio Mobile which made them superstar. But they failed 51 times before that. What if they never tried again. Never Give Up.

 

    • Finances – No matter you belong to Finance world or not, it never requires rocket science to understand your finances and taxes. Always make sure you know how much you need to startup, how much you need to survive the bad weather or your rough phase, how much you need to set aside for your family, how much you need to save for contingencies. If you face any issues with how to manage your finances, you can always post your questions to finance blogs where experts are waiting to help you.

 

    • Personal Relationship – Parents the most important and biggest pie of your life. Before you startup make sure you make your parents understand what you are exactly going to do and how it may affect your life because whatever affects you also affects them. Gain their confidence and take their blessings. Your parents are the only people who never give up on you even when the whole world has.

 

 

If you have figured out the above aspects, then you are ready to take plunge into Entrepreneurship. You have one life, make it worth, make it big, follow your heart.

 

(If you believe this article has helped you or you have any thoughts to share, reach out to me at bjatiani@gmail.com) Link to Article published on LinkedIn

 

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