Regrets
Leaving behind years of corporate life, I've spent over a year in the world of startups. It took me a long time to realize my experiences, talents, and natural inclinations. Self-objectification is still a struggle for me, perhaps the most challenging one.
Moreover, in this new era - the blockchain and AI era - I'm trying to find business ideas that cater to the needs of users while using the latest technologies.
I must have considered dozens of potential ideas by now.
I've tried some of them, felt them out, even planned a few, discussed ideas at the concept stage, abandoned some during development, experienced team breakdowns, and encountered situations that just didn't align with my vision. The reasons vary, but they all led to giving up.
If I could turn back time, I'd use my choices more wisely and efficiently. Unfortunately, this process is all too natural for inexperienced entrepreneurs.
I've spent quite some time collaborating with potential co-founders, as I've heard that having the right co-founder is crucial. It's hard to collaborate with others when you're unsure of yourself. To those who have spent time with me during this journey, I apologize.
One Thing
If there's one thing I'd say if I could turn back time, it's this: Don't overthink, grab onto an idea that resonates strongly with you, write a business plan, and go for it. Don't hesitate to seek investment.
I couldn't do that. I hesitated, examined and studied, and missed out on seizing a good opportunity due to my fears.
Nevertheless, there are still surviving ideas, making them even more precious. Try writing detailed business plans for your current ideas, and outline your business strategy. This way, you can make a more informed choice.
Unfortunately, these plans won't be perfect or glamorous, and there will be times when you're negative about seeking investment. I used to think of it as someone else's money, like debt. If it's a good idea, there's no reason not to seek investment. If it's a bad idea, you're not deceiving anyone. I now consider that a foolish thought.
Rather than money, I thought it was necessary for personal growth, to understand market needs from an objective standpoint. Of course, identifying the right investors and choosing the ones that fit you is also important.
Consistency is key.
Despite all this, I believe you need to stick to one thing consistently. You must have a reason to be consistent – it should be something you want to do and an item within your vision. While finding a problem that's truly needed in the market and not just within your own needs is valid, it seems rare, at least from my limited perspective. It's not an approach I'm comfortable with.
What You Need for Consistency: If you don't have enough income, prepare a source of income that can sustain your livelihood. This way, you'll be able to find the most practical thing. If it's within your business vision, even better. I'm doing the same, and I'm determined to succeed. Otherwise, I'll go back to those days.
Starting a business is a mental battle against loneliness and fear. It's essential to take care of things that will strengthen your mental state first. Then, build the stamina, offensive and defensive capabilities needed to enter a competitive market.
So, why venture into such a challenging startup? That's the first question you need to ask yourself! I thought it would be difficult to live as before, and I believed I had a lot to contribute to the world. The thought came like a mission, and it's hard to shake.
These days, I'm trying harder to maintain a healthy routine. The startup preparation process is incredibly demanding. I've worked tirelessly as a corporate employee, but this is a different level of challenge. In a job, there are people looking out for you, and systems, even if they are loose, keep things going. In the startup preparation process, you're on your own, and you have to encourage yourself to make it through.
In conclusion,
here's a checklist of what you should do:
Establish a healthy routine. Start with small commitments on a daily, weekly, and monthly basis, and self-critique.
Clear out things that weaken your mental state. Ensure you have a stable source of income or enough assets to cover your expenses.
Understand why you want to start a business. Identify what you can consistently do and which business ideas align with that. You can change the ideas, but try not to change the field and vision of your business. Deep thinking is necessary.
Meet suitable investors, secure investments, build a team, and make efforts to enter the market quickly.
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