Before Starting Up (Part 1)

I want to share few tips which I learned from my startup journey.I have experienced these things. Everyone knows about business plan, investors, revenues and all that. I think, startups fail because most of the  entrepreneurs were not mentally ready to start up. These tips are for those who want to start their their own company but are not sure. This is the first part of my post, I'll post the next part shortly.  


Nothing is Impossible  

First of all, let me share the most important point which I learned during my journey of 9 yrs....so far. Believe in 'NOTHING IS IMPOSSIBLE'. When you believe, you can achieve unachievable things. The mindset lets you think and try for the things which others can only think. I believe this is the first thing you should set in your mind.


Know the Motive 

You need to know: Why you want to start your business? Are you just doing because your friends are doing or Just for the money or You think its exciting or Its really solving a problem. This will set your mind in the right direction.     


Know Your Self  

Before jumping into the startup wagon, know your self. Yeah...I know, you'd say "I know myself" "I can do this". Thats good but what I mean is, Know about your responsibilities ( this can distract you ), your bank balance ( its needed during starting up ), Do you have risk taking abilities? Can you enjoy the stress, keep your self motivated and handle your achievements.


Put Some Gap 

Now if you have decided that you'd start your own business......Hold It. Don't start preparations for the business. Yes.....Hold your decision for at least 1 month. During that period keep your self away from business activities. That is to check, if there is still burning desire after one month, do you still want to start your company, if yes, go forward with full confidence and focused. If you are doubtful, my dear check your decision again.

More in the next post.