View
6.902
Download
0
Embed Size (px)
DESCRIPTION
Some pointers to help you decide if a start-up is for you.
Citation preview
Today with the hype, glamour, and sex-appeal surrounding start-ups there is a real danger that all and sundry would take the plunge
without being fully aware of the rigours and tensions of start-up life.
Here are some pointers to help you decide if a start-up is for you. Or if you are better off
wherever you currently are.
☀
PASSION
PASSION is the key requirement.
You must feel the burning need to be a
successful entrepreneur deep in your bones and believe in YOURSELF, the
TEAM and the OPPORTUNITY.
You must be willing to be consumed by the business
especially in the formative years.
Passion will help cope with the excitement and glamour of a
startup as distinct from the reality.
Don’t do a start-up for the glamour or
sex-appeal.
Resource
Constraints
Are you willing to give up a cushy corporate
lifestyle and the accompanying trappings and
luxuries?
Are you willing to manage with few
resources, handle the immense pressures
on your time and yet “give it all you have”
performances?
Are you willing to have your quality of
life negatively affected? Are you
physically and mentally healthy?
Can you handle 12 to 14 hour days, 6 to 7
days a week for about a year?
Self
Confidence
Do you have the self-confidence to
realistically believe in your capabilities and
harness the opportunity in the
market?
Can you communicate this self-confidence to your team mates?
Do you have the self-confidence to convince hard-nosed investors
that they’re looking at the opportunity of a
lifetime?
CONFIDENCESELF
will help you cope with rejection
Humility
Are you humble enough to learn from others?
EVEN IF THEY ARE
MUCH YOUNGER?
Are you willing to listen to others?
Are you willing to suspend your ego and
contribute to the BUILDING OF THE COMPANY?
I’m the CEOOr do you think, “Taking out the
garbage is not my job.”
Team Player
Are you individualistic or are you a team
player? Do you share or
hoard information?
Do you help others on your team with
their jobs? Is there trust
between team members?
Is there a single minded focus and
belief on the objectives and goals in the team or are you there for your personal agenda?
Can you delegate with confidence?
Knowledge
Do you have the required functional
and business knowledge and
expertise?
Are you capable of continuous learning? Are you aware of the market, business and technology dynamics
and trends?
Can you command the respect of the
board, investors, and others with your knowledge and
awareness?
Time Sensitivity
Are you sensitive to the most valuable resource, namely
time?
Can you make quick decisions with less than perfect and
inadequate information?
Are you willing to change all 4 wheels
of a moving car?
Communication
Are you an effective verbal and oral communicator?
Can you communicate with
your team?
Can you motivate and charge them?
Can you communicate with
the board and investors
effectively?
Remember there are many ways to reach financial independence. However, only the last one is truly satisfying and in your control:
You can marry it | You can inherit it | You can steal it
You can be one of the lucky few and earn it in your corporate life
YOU CAN EARN IT IN YOUR
START-UP
Is a Start-up for
Everyone?
This presentation is based on an article originally written by Sanjay
Anandaram
Visit Entrepreneur Academy for more video lessons, articles and presentation for entrepreneurs.
Designed by Shyamanta Baruah for Entrepreneur Academy