Why your Startup will probably Fail
If you’re like I was a couple of years back every idea you’d tell your friends, family or co-workers would come with negative feedback, “oh great idea, but you’ll fail because of x”, “oh fantastic idea but Google did that”, “Mike seriously? There is a tech-bubble, I’d wait 30 years before trying when the market is better” or “OMFG you’re going to quit University to work on that”.
Even worse you visit popular startup blogs and read advice on getting funded or interviews with glorious know-it-all investors and hear the same negative bullshit advice, “most startups fail, do something unique”, “you probably won’t get funded and you’ll die a horrible death for trying anything”, or “do something you love, but it’ll probably fail”. OK I’m exaggerating a little, but you get the point.
So all the advice, blogs and press suggest that you’ll likely fail and yes, the odds suggest that you will. But not us, we’re different – read on.
We know what we’re working on now is just the beginning
We’re agile enough to know that now isn’t forever and that markets, products, people and ideas rapidly change. We adapt to this change, learn from our mistakes, constantly tweak and realise that success comes from more than just a simple idea. Success comes from persistence, believing you can even at the darkest hours and knowing when to change course.
We’ve got blind folds on, we’re naive and won’t listen
We’re ignorant because we know it’s our best hope to create a disruptive startup. We don’t listen to anyone that tries to fill our heads with self doubt and we’re constantly challenging convention. We keep our blindfolds on, stay naive and don’t listen.
As a simple fail safe we have a reality check every so once in awhile. We let our measure be that people see enough value in what we’re doing to actually pay for it. We see no other metrics worth worrying about, we know that businesses work by creating a product or service and then selling it and that’s all we need to know for now.
We will be funded when the time is right and the business is scalable
We’re willing to bootstrap, busk and borrow to keep the fire alive: this is our funding. We realise funding is not a metric of success but a means to scale our idea and open the doors we need. We’re not fearful of running out of fuel. We know that if we create an opportunity of value we will continue to be funded, either by ourselves or by investors willing to back us on our journey.
We’re creative in our approach, consider our options carefully and know we will be funded when the time is right.
We set our own goal posts for success
We don’t have to sell our startup for a billion dollars to be successful. In fact, we may never wish to sell our business at all. We don’t listen to everyone else and do our own soul searching – what do WE really want, what do WE measure success by?
We set our own goal posts because we don’t want to spend our entire life thinking we’re failures because someone else says so, we and we alone define success and failure.
We’re creators, not consumers
We create, we code, we produce, we blog, we publish and we ship. We’re not consumers, we’re creators: doers.
As creators we open ourselves up to the coalition of the negative, who try and fill our minds with negativity and self doubt to bring us back down to a level of average. We know it’s much easier to criticise than create, then to have the guts to ship something and be proud. We don’t let self doubt and fear stop us from starting something, creating and spending a life being average.
We’re not average because we’ve defined our own goal posts.
We’re on a roller coaster and don’t want to get off
We deal with ups and downs daily, our moods change rapidly, we laugh, we cry and we laugh some more. We love what we do. We hate what we do. It’s hard sometimes for the people around us to fully “get it”. But we try and stay balanced. Balance can be our friend.
We’re on the ride of our life and we don’t want to get off.
We’re generation entrepreneur
We’re entrepreneurs. We’re generation entrepreneur and we believe that that our startup probably won’t fail. Because we’ve defined success, and we’re going to give it everything we’ve got to get there.