"You're an entrepreneur now and always will be, so pick yourself up."
You put everything into your startup - your money, other people's money, time, effort and so much energy and positivity into it.
You bootstrapped. You went hungry. You begged and borrowed. You did everything you needed to make your startup a success.
But here you are. Your startup didn't fly.
Your family and friends warned you this would happen.
"It's not going to work," they said.
"Just don't leave your day job," you were warned.
"That's a nice idea but surely someone in Silicon Valley is working on something similar," they continued.
Now, you have to face the doomsayers as they look at you with their heads slightly tilted gazing at you with that 'I told you so' glare.
They were right.
Or were they?
Firstly, congratulations on achieving what you did. It may not feel like it but you achieved a lot. You went exploring. You showed curiousity, tenacity and bravery. You broke away from the mob and created your own path. Well done trailblazer!
But just like a great explorer or researcher, sometimes and after considerable effort, you hit a dead end. Throughout your startup journey though you learnt so much and you won't realise how much you learnt until the heightened emotions you're currently feeling subside. It's perfectly normal to feel like this.
So now, what are you going to do about it? What next? Are you going to sit there feeling sorry for yourself forever? Will you banish yourself to a land far, far away like Luke Skywalker [see Star Wars - Episode 7]?
You have a choice. You learnt so much, gained experience and countless insights that you should and should take into another project or at least create a platform so you can help others.
You've already shown you've got the spirit and the spunk - now, get back on it. Own your learnings, join a startup, consult with one or launch your own blog to share what you know.
The worst thing you can do is: nothing.
You're an entrepreneur now and always will be, so pick yourself up and wear your startup f###up like a badge of honour and seize the next opportunity.
"Do you have the passion and knowledge to execute your idea?"
There's a lot of content out there. Some good. Some bad.
Working out where to invest your time is a journey of discovery.
Here are 5 super inspirational, insightful and helpful blogs I'm hooked on. You're welcome.
- Gary Vaynerchuk https://www.garyvaynerchuk.com/
- The Hustle https://thehustle.co/
- NeedWant http://needwant.com/
- Paul Jarvis https://pjrvs.com/
- Jim Antonopoulos http://www.jimantonopoulos.com/
Subscribe and schedule time every day to learn from these renown subject matter experts.
The insights shared are relevant, useful and actionable. They are all so giving and add value without the expectation of you buying something. There's total authenticity as they slap you in the face with a brutal level of honesty which propels you into action.
You'll also find it's more than just their expertise in an area that makes them compelling - it's their infectious passion.
It's always the combination of the two that achieves maximum impact and drives results.
So, as you listen, read and learn from the crew above, do some navel gazing and ask yourself, do you have the passion and knowledge to execute your idea? Without it, your startup is going nowhere.
Finally and once again, make time to learn. Don't subscribe if you won't invest the time to put learnings into action.
"There's no excuse - just make it happen."
So, you've had this great idea for a startup for some time now but you've just been sitting on it. Then all of a sudden, you check your newsfeed and there it is, someone else also had YOUR idea - only difference is, they executed it - you didn't - and you only have yourself to blame.
It's a story we hear all too often and the excuses are many, here's some:
- "I didn't have the money to make it happen."
- "I was too busy at work to invest time into the idea."
- "My friends told me it would never work."
My response to the above:
- Find the money. Get investors. Crowdfund it. There are options.
- Too busy working for $20 per hour to explore the possibility of financial freedom?
- So, if your friends told you to jump off a cliff you would?
There's no place for complacency, indifference, laziness or 'follower' behaviour in entrepreneurship. If you've stumbled on a market gap and that's prompted you to come up with a solution - then you've been given an opportunity. Seize it or share it.
If you decide to seize it, throw yourself into making it happen. Don't know what it takes? Seek people out who can help you. Go to meetups. Ask questions. Use the internet. Ask Google.
If you choose to share your great idea, go and form a partnership. Connect with individuals who can become your co-founders. Share the workload. Keep each other on track and focused.
Just don't let your idea go. Chase it. Make it your side hustle.
Start your startup now with these 5 tools: