Why not Start a Startup? The myths of not starting up…
We all hesitate to start anything new in life…face the change, changing the things as they are, changing the state of affairs. It is quintessentially natural to human mind and there is that inherent inertia silently sleeping within all of us that suddenly wakes up with the idea of starting up. And to that extent starting up any business venture (small or big) is something much bigger than the smaller things that we face off routinely in our daily life. It is all in our mind that decides our path to success & determines our fate to greatness.
The risk of starting up anything big or small is venturing into a state of “Make or Break” in our life,… Click To Tweet
Lot of things is at stake…
The list is endless…
There is a high probability of us getting mired in this prophecy of protecting our façade. And we don’t take the first step. But then there has to be a beginning. The beginning of anything invariably is tentative. It is universal. It is across time. From going to school to stepping into college to starting our job to going aboard for the first time to making a public speech, everything in life for that matter is for the first time. Quite understandably, there is anxiety, there is anxiousness, there is expectation and there is also excitement. These are not absolute phenomena and these are not encapsulated into a formula that can be applied by every one and every time. These needs to be carefully experimented and these needs to be fairly explored and each of us do it in our own away. There is no high way, that is the only and right way to do.
Therein rests the beauty of startup and starting up anything new…
After all it is “factor of novelty” that provides the space to place our idea and work it differently from the similar ideas at work. Ironically, and many things we start but we stop, and again when we want to re-start, there is the challenge; and challenge is compounded, it is only that the challenge may vary with the learning curve. But how much we are learning and how fast we are learning is what determines the contours of future success in starting up something new and different, or even restarting the same thing which was a failure in a different manner. This needs guts and gumption, taking the bull by its horn. The bull changes the way it fights every time it encounters the fighter, and there is no pattern in the “Bull-Fight” and we need to be prepared for surprises and for which we may not have a ready-made solution to apply.
We need to craft it there and then…thinking on our toes and tactfully towing away from a potential problem.
We are all loaded with assumptions and left with presumptions packed with preconceived notions, the mind is not free and the mind is tuned to certain conditioning of how it should operate and there is way of functioning we all develop i.e. we brand it our way, the standard clause and same amount of tuning doesn’t work for dealing with the startup situations. It needs tuning. It calls for the mind to change the frame of thinking. It calls the mind to makeup its mind. It calls the mind to gear up to face the tough circumstances. It calls the mind to anchor it egos. It calls the mind to control its emotions. It is not a study of psychology, though it may appear to be but making mind agree to our way of working has to have the positive consent and a clear buy-in from the mind.
“We cannot make a beginning without the mind in agreement…”
Everything in life appears difficult and looks impossible to do when we are on the other side, only when we are inside and work our way out we break the conundrum of complexity that clouds our mind. Everybody can start and everybody can create their own success stories, some do it quickly, some take time and some do not see the result and those we brand them as failure and they get buried for posterity. And only those who are successful and visible, we tell their story. They were startup once upon a time. We hear the stories from Amazon to Apple to Google to Facebook but there are hundred others who have come before them and also along with them but never see the light at the end of the tunnel.
They have become oblivion.
They are locked in permanent hibernation.
Nobody write a story to success and then venture, it is their in the thinking and in the working that makes them successful and the history of such ventures then get written down in golden words, and we call that history a successful story. They become an inspiration for those wanting to plunge into the arena of starting up something new and testing their idea through the vehicle of entrepreneurship.
There is no guarantee that following the footsteps of successful people we automatically become successful, it is only that we cut our nagging doubts and build our depleted confidence by choosing the path that has led to success stories. Just that it enhances our chance of success.
It is the “degree of clarity” and “depth of confidence” that critically matters in making a startup… Click To Tweet
It is not the IDEA that provides the insurance to success. There are hundred of similar ideas that keep floating in the startup stratosphere (the layer of gases above the earth) and (best of ideas above the rest) that have tested the level of water, few ideas manage to stay afloat and swim across the English Channel. The name “English” may change but the challenge of crossing the channel remains. Idea itself cannot stand the test of time unless it is time tested with our passion and perseverance. It is the power of passion behind the idea that matters. It is the potent of perseverance behind the idea that truly matters.
There are “Processes” and “Principles”, following processes increases the probability of success but adhering to principles guarantees success, and if achieved it will be bigger, better and will be for a longer duration. There is this method of “Six Sigma” which is a disciplined approach to eliminate defects and improve the capability of business processes. This scientific based technique started in Motorola was made as the central piece to business strategy by Jack Welch of GE. There is this framework of “Seven Habits” which is a structured approach to align our habits based on principles, as habits are powerful forces in our life. This principle based technique was conceptualized, created and connect to the world by Dr. Stephen R Covey.
There is a warranty that learning from the failures of others amplifies the power of success but there is no guarantee.
Unfortunately, the market buys the success stories and the bookshelves are packed with stories of successful people and not the stories of people who have failed and from whom we learn what not to do and definitely grow on our learning curve. Incidentally, many ventures have failed not because of what they have chosen to do and how they have done it, easy to ascribe to such frivolous aspects, ascertaining the facts we realize that it was because of circumstances beyond their control (so would have been out of our control), many situations that was not in their hand (so would have been out of our hand) and they lose the grip on ground (ground realities we all have to confront) and it instantly gets the epithet of failure.
By learning the contours of pitfalls and the patterns of mistakes that just could not be handled and could not be surmounted leading to their slow and many times sudden downfall, makes any new startup person to be particularly careful. And at the same time not get caught in the whirlwind of conservative thought, we need to keep taking risk but calculated risk. We need to invest resources but necessitates to be prudent in spending, to use people to share the work but at the same time not get over dependent. These are nuances of functioning while starting up and getting up to make the start-up run which cannot be taught in the four walls of any classroom or captured in the chapters of any well written book. It is an art unlike science cannot be put in any mathematical formulas and equations of physics cannot defy the force of gravity cannot be derived and just by feeding inputs we cannot get the outputs we want and results are not guaranteed.
There are “factors” that can be factored in and there are “vectors” which cannot be used to determine the magnitude and direction for starting up…
Here are the set of TEN “Myths of Assumptions” that has to be squarely confronted and strongly contested for starting a startup. Unless we erase these countering thoughts, we cannot change the contours of our confinement and enough supposition has to created and collated from a different quarter to standup to startup and be successful in anything we startup…
- Only Employees not Employers in the Family
- Lack of Family Support
- Too Young to Start
- Little Experience in the Field
- No Finance to Fund
- What will happen if I Fail?
- Waiting for the Right Time to Start
- Can I work my way out?
- I am not Lucky to be successful
- I don’t fit into the mould of being an Entrepreneur