Why won't you be able to Start your Own Startup?

Every programmer who was familiar with the work of Robert Kosaki, Napoleon Hill and the like once wondered what if I

start

ed my

start

up making millions and eventually started working for myself. In this video, we will finally analyze those pink dreams and answer the main question of why. Shouldn't you start

your

startup

? The classic definition of an entrepreneur is someone who builds and operates a business, usually with consider

able

initiative and risk, if successful. Their innovations can improve our standard of living and help society prosper. It sounds great, although it is true that the journey can be full of potential, you have most likely been sold a series of myths, it was not long ago that I took the entrepreneurial step and since then it has become obvious that this profession, if possible call it that, it's not for everyone, so before you do something drastic here are six reasons why you shouldn't ditch the cubicle to start a

startup

if you're not ready for the commitment that starting a startup takes over

your

life if you want to spend your days traveling the world, spending time with nature, or just enjoying a comfort

able

9-to-5 job is a perfectly good reason not to start a startup if you value freedom above all else.

Startups are not for you, if you start a startup you are going to work hard and have much less free time than you can expect, if your startup is successful it will consume several years of your life, at least if it fails you will finish much faster, but either way You shouldn't start one if you're not ready for that level of commitment. you need structure if you need someone to tell you what to do don't start a startup or even work for one the founders and early team members at a startup need to be self-directed and independent-minded enough to maximize the time you have It's not a predefined path, you control your destiny, while that sounds great, there are also no set responsibilities or deliverables, it's your job to identify the most important projects and focus on them.

It may not seem easy and that is because there are three fears of uncertainty if you. If you're considering starting a startup and working on quick payday loans, you're probably not prepared for the uncertainty of startup life. If you start a startup it will probably seriously fail, at worst it will still be interesting and at best you could make a small fortune until then you will be working exclusively on commissions, pay raises that match 401k contributions and vacation time is not even a point of discussion at an early stage, there is not only the financial unknown but also the directional uncertainty in an Instantly, everything can change your technology marketing or sales strategy, most likely you will have to rethink it several times for four.

Without determination, determination is considered the best predictor of success in a startup. Companies don't build themselves and the odds are against your initial team. members must do whatever it takes to get the company off the ground if you don't run your company you won't be able to launch my favorite analogy up to this point is a reference to 007 Paul Graham says startup founders have to be like James Bond, the license to building must be earned, not given. Founders must be willing to work hard to succeed. If you are not willing to be the 7 of the startups, then it will be difficult for you to launch your business. 5.

You want to be the boss. One of the biggest misconceptions about starting a startup is that you will be the boss, sorry to disappoint you, but the opposite works. First, if you have investors or any type of financing, you will have a fiduciary responsibility to them. Secondly, if your team is bigger than just you and it should be: you're working for your co-founders and employees, thirdly and most importantly, you're working for your clients, so it's worth putting aside your Wet dreams of spending your time in the office with the best boss. coffee mug get ready to work hard and remember the quote that always motivates me nothing in the world is worth having or doing unless it means effort pain difficulty I have never envied a human being who led an easy life I have envied many people who They led difficult lives and they led them well, Roosevelt theory six, you want to be rich, successful startups were created to solve a genuine problem that the founders faced.

If you came up with the next Snapchat to get super rich, then you shouldn't start a startup. With that idea, if you want to make a lot of money quickly, go work on Wall Street or marry a rich person, entrepreneurship is the journey to create a solution to a real world problem that can be turned into a viable business. Remember that the entrepreneur estimates that, on average, it takes at least 3 years for new product companies to become profitable, among other expenses, the company's personnel expenses include the cost of adding a partner or experts to produce the product, as well as marketing expenses.

Sometimes a company makes a profit by acquiring customers or a new product. within 3 years, but these cases are rare, most owners should be patient and wait for seven self-confidence. The startup's DNA is made up of characteristics such as resilience, risk taking and ingenuity. As a founder, you must confidently and articulately exhibit these characteristics, there is a clear difference. between confidence and arrogance and many startups Institute a no-hole policy from the beginning, you will never be able to successfully retain team members if you are an idiot, unlike Corporate America, the first team members at a startup have a finely tuned BS indicator and they will.

Don't stick around if you're disrespectful and arrogant, so if you're an idiot, don't start a startup. In conclusion, I would like to say that people often overestimate their capabilities when comparing themselves to people like Bill Gates and Elon Musk. and the like do not take into account the fact that they have successful parents, excellent education and useful knowledge that they inherited from their parents, which is why sometimes it is better to choose comfortable conditions of employment than to try to find yourself in your own business and disappear in unsuccessful attempts Starting a business may not seem so easy and that's because it isn't.