It is not new for anyone that we are in the startups era. This means that was never so easy to start, promote and expand your idea and faster than anytime before.
Nowadays we have plenty of business angels, private investors, public funding, competitions, startup weekends; you name it! However there are 2 constant comments that bother me quite a lot when interacting with startups founders, managers or team members. Those are:
“There is not enough public and private funding to support the growth of my startup.”
“I can’t find investors to sell percentage of my startup or increase my team.”
Those comments and complaints get me to the nerves. While I understand the financial investment in a startup can leverage its positioning, brand and even increase the team to actually make it work, does not seem the right approach. Looking at the news of TechCrunch Startups it is amazing the amount of news about investment given to startups, new CEOs coming that will impact our business, and many other news that, in my perspective, give you the wrong perspective on the true environment of startups.
Honestly, you should first look at your product, see if actually you have a business model behind and if you can sustain it and then, if it works, you can try to find investors to probably help you grow faster than otherwise. But looking for investors first and then figuring out the business model or if actually people would buy your product does not seem the best approach.
Seriously, make it work by yourself (by yourself I also include a potential team) and don’t try to find a cheap escape where the money you will get only delay the truth that is out there: You can’t make a business out of your idea.
A final note that I do love the startups era we are living. It is a lot of innovation, inspiration and empowerment for any young person. Just that when we enter in an era of abundance, some of the essence of building a company or bringing a product to the market are lost.
Keep being bright. Don’t forget that if you are launching a product to know why are you doing it, what are you trying to solve and how do you sustain it across time ;)
I've always found the same - there seems to be more accolade to raising funds than there is to actually building a great business, that earns money.
We have an annual week-long startup festival here in Perth, and during that we have a Startup Showdown... in this year's showdown there was a guy who'd bootstrapped his app analytics business to significant revenue, and gained some really big clients in the process.
Pretty sure the winners of the award were just people who had raised funds and were still pre-revenue.
It totally sucks.
That's why I love sites like IndieHackers.com, who actively showcase bootstrapped businesses... although recently they've made more of a turn towards being a community rather than a showcase... which in itself is not a bad thing I suppose.
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Very good analysis of the business.these posts are very important for business. .The main reason for the success of business good quality product. . Great article keep it up dear @kristinaljfom
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Hello, Mam I am your biggest fan. I am from India, What should I do? My study is not completed. What about Merchant Navy??? Please Guide......
@kristinajfom
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One of the most successful startups is the Chinese manufacturer of smartphones: one plus. His idea is simple to gather high-end components without any advertising that constitutes for the manufacturers 30% of the cost of smartphones. One plus bets on the reduced price of its high-end smartphones that can compete with the best-known brands in this area
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You are right it is very difficult to start up any business, we can think back and recall how George Lucas was looking for financial support for his first Star wars, nobody wanted to risk, the story of Elon Tusk, nowadays famous as for electric car Tesla and his success with SpaceX program that nobody really believed initially. I think such brilliant people need to go ahead to their aim and we simple people if we notice such people in our neighborhood should give them support
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