The 7 Harsh Realities of Starting a Business
This one is from Neil Patel’s blog:
Harsh Reality #1: Starting a business is like a roller coaster
(If you like the adrenaline rush, good!)
Harsh Reality #2: Owning a business isn’t easier than working at a 9 to 5 job
(I agree, it’s more like 24/7)
Harsh Reality #3: Consumers have to believe you are solving a problem
(It doesn’t matter what you think)
Harsh Reality #4: You have to make money
(Many startups forget this)
Harsh Reality #5: You have to give a lot to get a little
(And “free” is a strategy, not the business)
Harsh Reality #6: Coolness is inversely correlated to success
(Except for Apple)
Harsh Reality #7: Time is worth more than money
(You should know this by now)
If you are looking for practical and no non-sense advice on running your business (especially a tech startup), I highly recommend subscribing to Neil’s updates. His posts are fun to read and I’m sure you will learn a lot from him.
Related posts:
- 10 Really Great Things About a Home-Based Business You are paid what you are really worth You know it. You are worth $95/hour but based on your employer’s sacred chart and formula, you should receive only $15/hour and...
- What kind of startup makes sense for you? Traditional. VC-backed and a mix of seasoned executives. Everyone agrees that revenue or profit can come months, sometimes years after launch. MicroISV. You (or with another developer) bootstrap your business...
- Dollarize your time A friend back in college once told me that he doesn’t measure his time in terms of minutes or hours but with pesos. I thought he was just drunk as...
- Business and design trends for 2009 Top Small Business Marketing Trends for 2009 from Small Business Trends “Marketing in 2008 became decidedly social — and 2009 will see the social elements of marketing accelerate. Social media...
- 10 Best cities in Canada and US for small business Canada: Big cities are bad for small business, according to recent findings. If you’re an entrepreneur, the best places in Canada to start and operate a successful company are found...