A few days back a good friend of mine a promising young Professor sent me this picture.
This is a perfect example of how not to motivate Startup founders.
I texted back – All Wrong.
The good Professor has not texted back.
Let us take each one.
All startups founders have a plan. They won’t reveal it unless the listener has their trust. Please note all startup founders are smart.
Further, no human will reveal an idea if they are even 50% sure they have a good chance of earning money.
Spending too much money.
There is no such thing as too much money. He/she will spend if there is a perceived gain. Too much money or too little is a grandma approach.
Expecting fast results.
Startup founders should expect fast results. He is not a scientist!
Hiring too soon.
Most silly. The market forces will determine the timing.
Not surveying potential clients.
Surveys cost money. A client needs a product to test. Or a proof of concept to respond.
Copying others. Startups should be ready to copy what is good for them.
Not passionate about business.
Doing it alone.
Thinking busy is being productive.
Youngsters of today are smart enough for recognizing this.
Not starting today. I really think the person or persons who created this list are amateurs’.
Now that I have given my critical comments on the above list it is my responsibility to give my list.
Not having a Dronacharya.
Not brave to take risks.
Not willing to back themselves up.
Being shy of earning big money.
Not willing to share. Not having a plan to share.
Not willing to Copy.
Not trusting Professors and not knowing how to utilize their expertise. Not giving back to college.
No understanding of the Growth as defined today.
Not factoring VC interest.
Not orienting startup towards AI.
Want to know how to increase startups in your Engineering College.