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Building One's Own Startup

Building One's Own Startup

A question that lingers in the minds of many working professionals, either experienced or freshers, is whether they should build their own startup or not.

A study by Harvard has shown that there are three primary reasons people venture into startups:

  • Many times, it's driven by a zest to really solve a problem that is faced by the future founder itself.
  • Sometimes, a major gap is discovered in an industry/sector that the future founder feels he can cover and make money.
  • The third reason is love for a particular industry/sector and motivation to grow aggressively..

7

41 reads

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The Two Buckets Of Founders

The Two Buckets Of Founders

Starting up due to Love for a particular industry is often the outcome of creative thinkers, who start their own firm, with the key investment being their creativity.

Startup founders are divided into two buckets: Billionaires 1 & 2.

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52 reads

The Bottom Line

The Bottom Line

We have met folks who are in their 40s and 50s who regret not working on a startup in their 20s. There are folks in their 20s who think they should build a startup once their life is settled off, probably in their late 30s or 40s. And then there are 19-year-olds who think they should start up aft...

7

26 reads

The Endpoint

The Endpoint

Across all the three reasons and two buckets, a thing that's common is the endpoint. The startup works or it doesn’t. In either case, the founder benefits a lot. For he is someone who has learned real-life lessons, has donned multiple hats, has built a team, a product, a business stream, managed ...

7

22 reads

Billionaires 1

Billionaires 1

These are the ones who experiment right from their college days. Most of the time, they connect to the third reason for building a startup- creativity. They love a specific industry and really want to make their mark on it. The biggest advantage college students have is that of low liabilities an...

7

41 reads

Billionaires 2

Billionaires 2

These are folks who have worked in a particular industry for at least 3-4 years and have identified a gap, which forms the genesis of their startup vision. The gap can be something small, like optimization of a particular sales/marketing/manufacturing process, or building an entirely different op...

7

30 reads

The Main Question

The Main Question

The question, should you start up, is highly qualitative in nature.

Is the problem statement you identified big enough? Do you have any liabilities? Would you be the one who can wear multiple hats for at least 1 year of the startup? Do you have co-founders who are with you on your visi...

7

24 reads

CURATED FROM

CURATED BY

jessicadelgado

Medical sales representative

Just Do It.

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