Launching a Startup – When You Should vs When You Shouldn’t. Starting a company and making the choice to move from being an employee to being an entrepreneur is one of those ideas that is often painted in an unrealistically rosy picture. Sure, if you’re successful at it, there’s nothing better than being your own boss, doing something you love, and making a comfortable living doing it. But what does getting there actually entail?
This is one in a series of posts targeted at helping “would-be” entrepreneurs get free from the gate and on the road towards establishing a running business that belongs to them.
Why take the chance of launching your Starting A Business? There are numerous great reasons behind launching your very own start-up. Such as:
* The opportunity to remain in control and carry out the things you want to do: you can succeed or fail by yourself
* Not having anyone let you know how to proceed: you might be your very own boss
* The opportunity to create something new: the cabability to bring something totally new into existence minus the constraints often faced by larger companies
* The chance to impact the entire world: to build up a new method to communicate, a brand new way to reduce costs, a new approach to collaborate, or another type to make the planet a better place
* Money: when things go right, there may be a lot of money in successful start-ups
* These are some of the more fundamental factors behind starting a start-up.
* The downside to launching your personal business
You will find pretty much as much, or more, reasons not to start a start-up.
* They could be emotionally draining: from exuberant highs to depressing lows, start-ups can constantly put you through an emotional rollercoaster
* Nothing happens except if you ensure it is happen: in established companies, everything happens in accordance with a set list of operational procedures, but in a start-up, you should do virtually everything yourself
* You are constantly told “NO”: until you come from a sales background, you are probably not utilized to being told “NO” on a regular basis, plus it isn’t very fun
* Hiring is incredibly difficult: you are constantly up against casual shoppers, people that aren’t as serious or enthusiastic about your idea as you are, and you end up being taken for any ride before being told “NO”
* The amount of time can be grueling: despite books, articles and workshops promoting the perfect work/life balance, as being a start-up entrepreneur, it isn’t likely you will have much of a life outside running your small business, a minimum of initially
Still ready to accept plunge?
OK, and so i haven’t talked you out of your conviction that starting your own organization is what you should do. Alright, fair enough. It appears you might be convinced that it’s the ideal solution. If you feel you’re ready, great! There is no time such as the present, and opportunities abound for those who unwaveringly need to see things through. In order to obtain your business up and running, here are a few things you to assist get you going:
* What exactly is your company idea?
* What is going to you name your company, product or service?
* How will you begin constructing a team?
* How can you build a business having a thriving work culture?
* How can you market yourself?
* How does your team communicate, and how would you establish your web presence?
* How will you try out your idea and collect valuable customer feedback?
* How will you raise funds, or like-minded business collaborators?
In the next series of upcoming posts, we’ll undergo the above points subsequently to give you a better grasp of what you need to do, and the way to do it, so that you can successfully get your own business above the ground and go sqiuro being an employee to being a business owner.