Some people realize that running a startup can be highly stressful. It's complicated to try and complete many of the tasks that are needed to be done in a startup. However, many people, even if failed, can say that startups can be fun.
So, what's the real risk behind starting a company? Money is the main one. Stress is another one. But, what if you reverse your thinking into realizing that it can be fun. Admit it, you enjoy business. If not, then why're you even bothering to run a business. If you don't enjoy business, and are just doing it out of necessity - where will your success be.
I'll admit, it's rare to see founders not enjoying what they do. Only because the founders I'm talking about run successful companies. Most founders of successful companies don't want to leave a company, because - a. they were the one who founded it, so they get all the royalties, and b. they enjoy the work.
Yes, the odds of scoring a really big IPO payoff are against you. But, what if you enjoy the work so much, that you made the right risk at the right time, and the IPO got the victory for your company?
The majority of startups don't make it in the long run. Do you realize this? This is the biggest risk. What's the latest statistic? 1 in 12 startups are successful...or is it stated better to say 11 out of 12 startups fail. I'm sure the former, the least bit optimistic, is what you need.
Venture capitalists want to invest in young companies that have a long track record, have a good net worth (usually a $1M+), be able to put up $250K, and be involved in a tiny market that is able to expand huge.
If you don't have a plan that is fitting a tiny market that can be expanded big time, don't expect to get much funding. You need the high worth in plan and in money to be considered for a large amount of funding. How do you feel about that?
But, let's be honest here...if you have the brains and brawn to start a company in a tiny market, and a venture capitalist doesn't approve you, then take the company as far as you possibly can. You might get lucky if you wait long enough (for great things come to people who wait), someone could come along and start throwing money at you (angel funds). But, don't get your hopes up. But ALSO, keep trying and trying and trying to get funding, if you absolutely need it. Someone, somewhere will be willing to help you (even if you have to rely on crowdfunding).
No worries though. If you think confidently, punch into a new market, and do research & development well enough - you'll succeed. But, the day you fail in anyone of these core areas, expect trouble.
Most people make the mistake of not trying again after a failed startup. But, the problem is, is that the experience you got with the failed startup could help to kick start your next startup. Don't let anything stop you from fulfilling your passion. It would be a mistake to think that you're never going to amount to anything. Because you have the passion to be an entrepreneur, don't give up! That's what all of us entrepreneurs say, especially when we reach some sort of success...DON'T GIVE UP, EVER!
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