“It’s a common occurrence in the startup world: A critical decision has to be made, one that will affect everything that comes after it, and may determine the fate of the company. It could be a decision whether to let a partner go or invest in a new technology. But the founder won’t consider all the options, even refusing to make what to virtually everyone else seems like the right decision. The startup flounders for a while longer. Then it fails.”
Great article by Eran Dror. He gives the six most crucial hard truths when advising entrepreneurs.
Good article on Angel Investment Network on how to overcome start-up fears.
People always think I have none. Probably because I had my share of start-up successes (but I also experienced my share of drawbacks guys). They should catch me sleepwalking or getting angry when things don’t go the way I thought they would! So, for the record: I have my fears and obstacles too dudes. But I’m very aware of them and I have my ways to deal with them rapidly. Ganesha is with me! 🙂
In the latest Happinez, there was another good article on conquering excuses. Dr. Wayne W. Dyer states the most typical excuses. Funny enough, only one of them sometimes applies to me:
- No time
- I’m too old
- No energy
- I would disappoint others
- Hey, that’s me, I can’t change
- I just can’t
- Can’t afford it
Only the last one can keep me awake during startup. “Can I still feed my children next month?” Seriously! I found out that talking to the kids helps a lot. Since I raise three completely different ones, it’s interesting to see how they react with very simple reasoning:
- “Can we now play our daily soccer worldcup match in the garden?”
- “Lets go for ice cream. I’m buying.”
- “Where’s mom?”
I guess the main reason I have almost no fears is because I follow my bliss as Joseph Campbell says. He was 25 when the Great Depression started. Imagine that! Maybe we can learn from him. Alan Cohen developed a 12-step method to find your bliss. Thanks for the tip Paulo Coelho!
Every entrepreneur needs the support of other entrepreneurs to keep going with his totally insane business. Everybody who wants to become an entrepreneur could need some good advice before starting a business for his mad idea. I like startupquote.com. Contains nice posters with daily Wisdom about start-ups.