Tuesday, November 24, 2015

STARTUP SPECIAL............. Why to Not Not Start a Startup


Why to Not Not Start
 a Startup


If you're stuck on the same deadend job for years, and always sad on a Sunday
 afternoon because you have to go to office the next day, the time may seem
 ripe to launch a startup. BI India looks at considerations before you jump
onto the startup bandwagon.

Examine your feelings objectively, and decide what's best for you.

Too Young
The average age of startup founders is 27. Being young isn't always about
biological age but maturity. Would you feel comfortable directing employees
older than you? What if your investor or cofounder disagrees with you?
Kids would agree or rebel.An adult would ask why.

Too Inexperienced
To gain experience is to work for someone else. However, that's not what
you need in a startup. That means the best way to gain experience in startups
 is to start one.

Not determined enough
In startups there are no rules ?
as such. The determination to make up the rules and make them work can get
 you far.

Not smart enough
If you are smart enough to worry that you are not smart enough, you probably are.

Newbie
Since startups are new businesses with new business models, no one knows
 anything about these businesses. It's OK if you don't know, but be ready
to find out.

No cofounder
Startups are stressful. Most people go through life with partners. So why
go through a startup by yourself?

No idea
Many startups change their idea midway. If you start with an OK idea,
and then turn it into a good one, you'll be like most startups.

No room
Some say there are too many startups.That's like saying that too many
people are trying to solve world's problems.

Family support
Most startups do not generate revenue for the first while.
Revenue-free lifestyle may not be possible for people with families to support.

Independently wealthy
Although few people have the problem of being so rich that it would
discourage them from starting a startup, some are. For those people it's still
more exciting to work with people who may not be so rich.

Afraid to commit
Startup will take away your freedom. So if you value it more than anything,
don't do a startup.
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Need for structure
Some people say that they prefer a job because it gives them structure.
It's a nice euphemism. But really it means that they need someone else to
 tell them what to do. If that is you, don' start a startup.

Fear of uncertainty
There is not much uncertainty in startups -most of them fail.
But a few don't. So prepare for the worst, and hope for the best.

Blind to alternative
If you've ever had a job you know how damaging those are

Parents want a doctor
Parents protect you from risks, which also protects you from rewards

A job is the default
Getting a job is a tradition that is only 100 years old.
Before that the default was farming

ET10NOV15

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