This is one of those tough questions that arises again and again. People all over the world have great ideas, but what makes a panda in between all the snowmen and how do you know you’re that panda?
Everybody wants in on the big money and the great life that startup culture rewards. Do you have what it takes to make the cut?
Incidentally, a great idea is the first stepping stone in a huge instruction manual that makes a startup worth billions of dollars. Recently, I started working on a mobile application challenge at school where I realized that a company required more than just a good idea and some good friends to work with.
(this show truly defines what I love the most about the Silicon Valley)
A company requires a ton of hard work, starting from letting other people know that your company exists to building a decent prototype to getting a solid business strategy so that your competitor doesn’t wipe you off the deck the very next day after you launch. But, as Mark Zuckerberg quoted,
“The only strategy that is guaranteed to fail is not taking risks.”
Well, almost. The key is to take those risks carefully after a lot of thought. The reason 99.999% of ideas/startups fail is not solely because of any bad risky decision but a series of small scoffs and misunderstandings that tend to make a long-term impact on the future of a company.
I say this, not because I didn’t make any mistakes, but because it’s only been a couple of months since I started building some of my ideas up and have already relished that sweet taste of failure countless times; from pitching to investors, to not being able to finish according to timelines, to underestimating the sheer workload that building a product demands!
But every once in awhile, you can go back to those who have the experience and can review your decisions and really understand where you went wrong. For example, people like Guy Kawasaki or Gary Vaynerchuk have decades of experience in this field that you can read their pages for hours and hours until you find something you like… or not. But you will still learn a whole lot more!
But, that’s the best part though. You have no idea how things are going to shape up in a year, whether it’ll be a huge success or not, whether you’d be the next Uber or Facebook or just another person back at the drawing board (trust me, this board is crowded!). The excitement that the journey entails is what personally keeps me going regardless of the end result. In conclusion, I believe that anybody with the right mindset can build a great startup, but maybe I’m wrong.. I really can’t wait to find out for myself!
Wish me luck!
Reach out to me and tell me how I did: