Once again, a great blog post -- keep it up!
I have a huge start up, I cannot get funding...Can you advise me...?
Great post. Inspired me so much that I will give a free PDF of my book STARTUP, 100TIPS TO GET YOUR BUSINESS GOING to anyone who wants it.
Jason, thanks. This is an important message for the very reasons you mention; A) a regular traditional job is hard to come by, B) not necessarily secure, C) by no means personally stimulating and satisfying. Having been a successful marketing entrepreneur for 25+ years, I know what you are talking about.
Today, I've expanded my marketing background to help other start ups develop qualified web traffic, lead and sales generation online. Being a start up can provide one with the rewards of a lifetime. Keep up the great work. You've got a terrific writing style.
Generally a fun read, though I do not agree that funding is always easy to find. Smaller amounts maybe.
Nice article. The following article by Paul Graham is also highly recommended: http://www.paulgraham.com/really.html
Have read many good articles on onstartups but have a bit concern on this one. The title vs the headings dont fit in well.
I mean Yes you should startup and you will have the time of your life, you will make more friends. But at the same time you dont startup because there's cloud computing available, or customer acquisition is easy etc. These resources help starting up but are not reasons you shoud!!
Do rectify me if I am wrong...
This is the first comment I post on this blog.
I am from Peru and recently got my MBA. I am pursuing to start my own venture and will probably quit my job in December to focus on my startup.
Thanks for the inspiration. I loved the article
Great post! I took the plunge a few months ago myself. My background is in software marketing and I finally got tired of making the other guy rich. One bit of advice I'd add to this is to be sure your business is about solving a problem. Don't just start a company to start a company or because you've created some great tech. There has to be a need. That's where the money is.
I had trouble finding good consumer feedback/market validation services for startups/entrepreneurs/inventors. I saw others making costly mistakes by not getting unbiased feedback on their ideas. I based my business on solving that need. We just launchedwww.questionmoms.com,
a self-service, affordable market research site where you can get feedback from real moms on your ideas. We'll be launchingwww.questionnation.com
soon. It's been tough and there is a lot of learning to having your own business. But, you are exactly right about the timing being great and the services being available.
Great Post..Good to be reminded of why I made the jump!
I find this article motivating for its upbeat tone, but at the same time I have to agree with others that starting a sustainable business is about solving a problem for the customer while doing it in a new or different way than the competition. There also needs to be a workable revenue model, otherwise it's just a hobby (fun, but not a way to make a living). Also, when it comes to customer acquisition, there may not be a big cash outlay if you do it all yourself. However, to do it right, you may need to hire a few people and there's a cost to that. It usually isn't free.
Thanks for the post. Especially " The Worst that can Happen" Part. We are bringing cloud, ipad, 3G platform tech to physician's enabling mobile primary care practice. I love meeting other entrepeneurs too. Best, Natalie
This definitely speaks to me and my experiences. What I've learned from my two businesses has been staggering. The lows happen from time to time, but when things go right, it's an experience like no other. You won't appreciate the success if you never fail. Much success to you!
Great points Jason.
For people who have been seriously considering starting a business, these are more points to consider in their decision, indeed. It can be difficult to grasp many of these points if one has not yet started a biz, but as someone who launched a life coaching biz in 2008, they resonate!
I like these 2 points.
A Traditional "Job" Isn't Much More Secure In The Long Run.
You Will Make Friends And Connections That Will Last A Lifetime
I have a startup and built a few products. many people started using the site. Need funding for marketing and further product development. Can you help in finding funding? Or anyone reading this post can help in this process?
Great post…for a limited number of entrepreneurs. Of the over 6 million new businesses that The Kauffman Foundation tells us will start up this year, only a few thousand fit the scenario you present in your post. The vast majority of new businesses are NOT high-tech startups…and most of them will hire new employees.
Unfortunately, most of them will also fail—something over 5 million of them. In my opinion, most of these failures will occur because there is minimal support from the business community, the media, the consultants, the government, the pundits, etc. Our youth-oriented society concentrates on the "darlings" of the high-tech startup community and takes for granted products and services provided by auto repair shops, salons, clothing stores, food merchants, machine shops, restaurants, small manufacturers—all the businesses that contribute to America's GDP and make our country function.
For a real lesson in entrepreneurship, a person should study the business climates in emerging Asian countries, such as Singapore, Indonesia, etc. As long as people in the U.S. believe that only high-tech companies can be considered legitimate "startups," we will continue our gradual (rapid?) spiral downward into a second-rate provider of the world's goods and services.
Let's see something beneficial for the vast majority of new entrepreneurs who are blindly going into business…and failing.
If you can provide your contact information, we can discuss if I could be of assistance.
Great post! Another cool reality of start-up, it may fail, but at least you gave it your best, and you have learned something of value from the experience.
And what's cool about being an entrepreneur, you can never lay-off yourself. Just dust yourself off and keep being innovative.
Start early and start often! I have been through several startup failures and have a great corporate job. Don't be scared to take risks. It is rewarding no matter what.
Great blog article!
I think the point many people miss is that being an entrepreneur is truly a way of life...
It's not just ideas or work, but if you are an 'unlimited expense account' kinda guy, its much more difficult. Value for money 'Skunkworks' is the way to go, and often brings the biggest Changes! :-)
A fun article - again aimed at the virtual entrepreneur community. I would like to add: competition. I haven't competed for anything . . .since High School? - Anyway, I have just entered Walk Me Wear in the Hottest New Brands competition at ISPO (Yup - a real trade fair for sports and recreation) I would never have this experience if I had not taken my passion for dogs and walking to the next level. BTW you can all support a co-entrepreneur by clicking on:
Yes: it's fun.
I recently launched SQL Locator, a database search engine, and am having a hard time getting the word out. This article reminds me there are other cheap marketing mediums I should try.
And don't forget that the only way to create great wealth is by being enterprising, not by only holding a day job.
Help for starting a hardware-based business:
I started a Linked-In group called inventpreneurs: http://www.linkedin.com/groups?mostPopular=&gid=3675669
Thanks for the article Jason.
I really needed to read that. Not sure if it's for hope, inspiration or both. But it definitely made my day.
I think my business is going through the stage of decline and I'm at a cross roads on whether to continue or give up on it. I've been fighting to keep it afloat (working full time while doing my business, supporting my family, paying off debts) but have nothing to show for all the effort and money spent.
"You shouldn't fear failure, but embrace the process that comes with it." That shook me, because I do fear failure, fear that others will look at me as though I've failed, fear that if next time I get back up to do another business they will assume I will fail that too.
But I realise that others have been through far worse. Tetsuya (3 star hat chef in Sydney) failed in his first restaurant and went broke with no money to pay his suppliers and had hardly any customers for over a year. He didn't give up and now he is one of the world's top 10 chefs. So I continually think about those stories to hold on to the hope that eventually, things will turn around me.
inspiring blog, i believe
As an entrepreneur myself, and as a business lawyer, I believe the best advice for startups is . . . don't forget to gather your team of professionals (legal, tax, etc.). You may opt for the "road less traveled" but make sure you have a map (aka a team of professionals to guide you)!
nice blog... in the long term i see myself as an enterpreneur and so keep reading such posts for preparing myself... thanks for sharing your thoughts
I love the articles posted in this blog. As always you come up with thought provoking tips. Thanks. Now as for your questions:
Why do you think now is the best time ever to start a startup?
When every one is talking about layoff, downsizing and you see the gloom and doom, you must consider it an opportunity to step up and explore the Entrepreneur in YOU. Change is the only thing that is constant. As you mentioned, no job is permanent. A job can definitely, help in developing our skills, building discipline and learning the value of money. However, when the jobs are not there or in scarce, it is the best time to change the thinking from working FOR someone to Working for yourself. You will learn to develop your left and right brain-I mean logic and creative brain. You will change from victim to victor mode. You will learn to stop blaming circumstances and start making responsible choices and create opportunities. In fact many big companies today were formed/originated during recession. Personal Deveopment/self development industry flourished during the time when people turned to entrepreneurship. Considering all the above-Now is the best time ever to start a startup. In fact even an employee must start a startup, because, he will have less money worries about funding and it will be easy eventually, if he wishes to venture business full time.
What made you take the entrepreneurial plunge?
First, Downsizing by my employer. Second, after attempting job searches which required long commute and disruption in attention to my kids, I made a commitment to test the Entrepreneurial venture. So far so good. Thanks to technology and communication.
It is amazing and really encouraging to read such a great post like this. I am from a rural background and have spotted oceanic opportunities and thinking to connect it to the resources world wide. I am really encouraged to read this.
Nice article. I too have taken the 'risk' by launching a new web application-www.webinarbucket.com
that enables you to see and register for all webinars and webcasts happening across the web in one go without the need to google it out.
Personally, I think its easier to be an entrepreneur in web world because of lower entry barrier and more pronounced benefits of technology.
I like the article because at has a no nonse approach to startup. Most people can do it if it fits into thier life situation. Maybe the entrepreneur just need a little guidence on the path to new business. The web site www.dynamicbusinessplan.com
asks the right questions to startup and the entrepreneur must answer so it fits his or her environment.
this is a good summarisation of various reasons inspiring people to move on try their skill, gut and create something on for themselves. Personally i took a plunge after 15 years of corporate life was basis the GUT i always carrried that "YES" i can do it to create a value for myself and for society too...i wish all the startup enterprenuers all tbe best!!!
I have just started to enjoy the bumpy ride of a started! It is great share this excitement with some who have already been there.
Thanks for the great post!
I am about to start up my first company with a friend, your article is really inspiring.
Thanks for posting such a positive article. There are so many negative people we all face every day and it is great to be able to start the day with a really inspiring story and someone who is so supportive.
Great advice! There are a lot of people on the fence about taking the leap to starting their own company. I hope this will help them make the leap. Like yourself, I loved my years as an entrepreneur, and would echo your comments above about the joy it can bring.
Love the post! Wanted to add another resource for those needing funding for their start-ups. You can crowdfund your capital through our website http://peerbackers.com (there is no fee to post). We launched this site last month specifically to help entrepreneurs get the money they need to start their ventures. Good luck!
Great post, my business is a start up which is beginning to enjoy real success after MUCH hard work - very satisfying & liberating - Good Luck
Thank you very much. This post could not be more timely.
You are right - we need more start-ups, especially in this economy. The power of small businesses is what will bring us out of this recession. I love this article because it reminds me of why I love working for myself so much.
Another great blog post on onstartups.com. I think it is important to see things realistic and the other article you linked to does this well. But it is equally important to bring enthusiasm and good spirit with you to start a new business. It is also essential to reduce some concerns, e.g. about location and infrastructure. Thus this article is excellent!
While you write about the reasons why someone needs to start a startup, our CEO of our start up had a great presentation at a conference giving 24 tips on HOW to set up a new business. It got recorded so I am very excited to share it with you and your readers and I think people will enjoy it: 24 Hints on how to run a Super Lean Startup
Thank you! Just venturing into a start-up, so appreciate your story and the examples you offer. You inspire and that's a gift.
A good article. However, I would say, based on my experience (yes ' did startup and brought out patent-pending _innovative_ solution to a serious problem on cyber security).
The following lessons are learnt and want to share with others
1. Dont think that your innovative solution will be embraced by all even if they (customers) have serious pain. If the pain is "just a cost of doing business", as one of the leading CIOs put it for me, you will be in for rude shock!!
2. First timers, esp if you belong to immigrant generation, dont startup until you have worked for a startup and the tag yourself with the "success of that startup you worked for", you _wont_ be able to raise a dime. Yes!! Alternative includes bringing in a pro-team and let them raise money for you (which in my mind is silly, and you better start looking for something else)
3. Always have a "super-sales" guy as your friend. Their rolodex will be of immense use for you.
4. You may be solo-founder, but always go in team when interfacing externally with customers/prospects.
5. Yes, it is a hard road until first sustainable success (and your challenge from there is to sustain the initial success). Until then you are "Unemployed", "Wierd geek doing some strange things", or "mentally deranged (atleast temporary) with delusional attitude) for your friends and family.
6. Your degrees, education, expeience mean "NOTHING" until your first sustainable success.
7. Never underestimate your competition (esp. existing players)
8. Good amount of savings or working spouse (always supporting you, but its a time-bound generosity/support to count on) with you.
9. Better be in silicon valley or Boston rather in some city. It is so hard and a lone battle to raise money and customers.
10. Have faith and courage until you hit the sustainable initial success. until then even work part-time.
if any fellow entrepreneurs want to connect with me so we can help each other; send an e-mail to daffodil_wind @ yahoo dot com
I have come across a Resource that I think will be super helpful to all who are Start-ups. It is a FREE Resource that I think is really helpful. This is an email I sent to the person who generously shared this with everyone.
Thanks for your genorosity. It is a surprisingly quick read, but packed with No-Fluff Zen like Wisdom. I really enjoyed reading it and would like to congratulate you on distilling your thoughts into such a powerful package. I will keep it as a trusted advisor.
The relevant URL is http://blogs.jobdig.com/wwds/2007/12/10/a-complete-list-of-100-attributes-off-people-who-start-companieshow-you-can-be-one-of-americas-entrepreneurs/#comment-116067
Believe me - I have read a lot of stuff on Entrapreneurship - and this is in the top 5% of the lot.
Thanks for the great article!
TO Micheel Blade,
What is your huge startup? I might be able to help.
CEO, LaMarch Capital, LLC
For those who say they can't find capital or that smaller amounts are easier to get, I say there are literally billions of dollars sitting on the sidelines waiting to be invested in entrepreneurs who can think big enough.
Thank you for the great post. In particular the line "it's certainly more difficult in poor countries, but it's still possible" resonated with me.
Am trying to do a startup from Uganda and am facing 2 major challenges that someone say in the US would not face
1. I could not pay for cloud hosting with either Windows Azure or Amazon ... they don't accept payments from my country. I circumvented this by getting a friend to open an account for me in the UK
2. I cannot receive payments from PayPal (though i can make payments)...they don't send payments to my Uganda. Will write to them and see if they can bend the rules a little bit (fingers crossed).
Despite all that , i think their has never been a better time to do a technology startup.
And once you start your startup you will want to let the world know. My blog actually features one GREAT startup each week.
Simply submit your new startup and a 2 sentence description at http://www.squidoo.com/submit-startup
You are so right. And I can only agree with you as far as my well-being is concerned. However, to make sure that my well-being continues, I am nor sure wheter I would like more people to do the same as I did. I need customers, no competitors :-)
I really like the comment about cloud based tools and apps making it easier to statup your business.
I couldn't agree with this more since that is exactly what we, at Apptivo (http://apptivo.com) are trying to help out entrepreneurs with.
Through Apptivo we are providing a complete business management suite, right from sales and Marketing, to Human resources absolutely free to startups and small businesses
Thank you for the boost.
I have just launched my latest entrepreneurial effort, SPUBBER: The Place for Self-Published Digital Content, which is actually the culmination of everything I have been working toward for the past 15 years.
There have been a lot of ups and downs but I agree with you 100 percent that it's worth it! In fact there is nothing I'd rather do.
I'm a hard worker but I just can't stand the idea of wasting my time and energy not working on my own ideas. I guess that's what drives us all.
My business is finding funding for start ups and grow companies.I also teach small business management classes at a local college. I really like your optimism! However, I hear a lot about start ups now since a lot of people cannot find jobs and/or think they have a great idea. I really stress "preparation and planning." Take advantage of small business classes at your local community college, and get an advisory board together comprising of your banker, attorney, CPA/Bookkeeper, insurance professional and small business consultant that you can get for FREE through the local Small Business Development Center or SCORE location (see sba.gov for locations near you). You cannot do it all so these professional can be on your team to assist you along the way. Remember to write a feasibility analysis--very simply can you prove revenue-cost=profit?
*Who is your customer, *what are you selling, *why are they going to buy from you,
*when are they going to buy, and
*how do they expect to buy it!!
If you can answer these questions with hard facts--not just your opinion, you are ready to write a business plan. It doesn't have to be an epistle by rather a road map to where you want to start and where you want to go and how much will it cost to get there! With some direction in mind you can prepare and plan to begin your business successfully!
I'm trying to sign up to "recommendations" using the facebook account in order to recommend this article, but even after the log in I still get
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14 Reasons Why You Need To Start A Startup
473 people shared this.
see peer to peer websites:
www.kiva.org just to name a few.
for added information about starting a business, sustaining one and great info about funding.
To add to Denise's list above...this site http://peerbackers.com is 100% dedicated to helping entrepreneurs get the funding they need. Good luck!
Great read to any venture starter...Agree with most of article, sometimes funding venture is difficult as well as to grow start ups on scale..
Thanks for the really great post. I've been working for a big name tutoring company and just recently decided enough was enough and that I was going to jump into it too. I've just put my website together and started work on my promotional materails, but even so, so far I am loving every minute of it! It's great to see that entrepreneurs have such a vibrant community and that there are so many inspirational people involved who like to give their experience freely. Kudos!
Inspirational post... it makes us think deeply on actual situation and also in near future. Thanks for that!
Thank you for reasons why you need to soart a startup. I wait other article.