Friday, February 5, 2010

When to Start a Startup

Many of us would like to do something on our own, create value proposition and bring in some change to the way things are being done. These very motivations will keep on bugging us and we will look for ideas / opportunities / problems to realize our dreams.

Definitely this Entrepreneurial bug in us will help in identifying few ideas by networking with various people. We will debate on these ideas and we will do the ground work necessary to get to a conclusion that the idea once realized will solve a problem.

But the very first question we will forget to ask "Whose problem are we as Entrepreneurs trying to solve". Are we solving our own problem or are we trying to solve someone else's problem.

If we are trying to solve our own problem then in most cases things are under control, we can very much begin with the "End in Mind". Because we can visualize the end ourselves.

As an entrepreneur if you are trying to solve someone else's problem, you need to ask yourself the questions like
a) How much I think is a problem is really a problem as such in the others mind
b) Will my idea really solve this problem. And how do I validate?
c) Can I really begin with the "End in mind".

We are often so passionate about solving the problem and we will not even worry about understanding these very fundamental things. Essentially we may land up in providing a value added service to customers / users rather than really solving a problem.

Doing this is it wrong?

Well, here I don't mean offering a value added service is wrong.
a) But then, do I need to start a starup for creating this value added service?
b) Entrepreneurship does it mandates to start a starup always?

Not at all. But many entrepreneurs get very easily tapped into this dilemma.

No organization stops any individual in creating more value to its customers. You as an Entrepreneur can influence your Employer and create more value and take out that great satisfaction with you always. Don't get into the perception that you can create this value if and only if you start a startup. Please note that not many people in an organization think on these lines like creating value proposition, increasing customer sanctification. Because of your very instinct nature of Entrepreneurship you are doing this.

Think of starting a startup the moment you realize that you are solving a problem which you are facing in your life. Many a times this problem may have something to do with technology or it may be completely non-technical. I am sure an Entrepreneur doesn't even worry about this.

I will keep on sharing my ideas on how successful you will be if you start solving your own problems using your Entrepreneurial mindset and feel the change very much in yourself before you even start selling your idea.

Keep reading .....


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