When you're starting a startup, there are a lot of people who will get you excited by the myriads of ways they can help you, and make you rich beyond your wildest dreams. Ignore these people!

Ultimately, the only person who can make your startup success full is YOU - here's why, based on what I've learned on my journey as an early stage entrepreneur.





Comments


Written by gimmesome
4053 days ago

Launching a new business is largely a matter of gathering the right resources and harnessing them in service of your venture. It can obviously be a frustrating experience, as your story indicates. Of all resources entrepreneurs need, external capital is probably the hardest to secure.

One of the lessons of this story for me is that a bootstrapping approach is often the way to go, since it is predicated on reworking the business model to minimize the capital and other resources need to get to market.



Written by ShawnHessinger
4064 days ago

Martin,

Would love to hear more about your new startup. Maybe via e-mail? I learned a very different lesson from some of my own startup efforts, that, while it's best to have a plan to go it alone, you should avail yourself of any help provided. This means that you will not be stopped if any of the people who promised to help from the outset decide to take a powder, but you can happily incorporate their help if they do come through. Interesting post.



Written by lyceum
4064 days ago

Shawn, I will send you an email. You will be able to follow our start-up journey on Ego Sole Trader. I have to update the site in the near future.



Written by lyceum
4064 days ago

Brett: Thank you very much for your guest post on EGO blog! :) I have similar experiences from my past venture, so hopefully I will learn from this, now when I am starting a new one...



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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!