Archive for the ‘entrepreneurship’ Category
A great post yet once again from Paul Graham. He has listed few of the common reasons why people are reluctant in starting a startup of their own. He also classifies the reasons as valid concerns or bogus. And it serves as a checklist to exmaine one’s feelings.
The reasons are:
- Too young.
- Too inexperienced.
- Not determined enough.
- Not smart enough.
- Know nothing about business.
- No cofounder.
- No idea.
- No room for more startups.
- Family to support.
- Independently wealthy.
- Not ready for commitment.
- Need for structure.
- Fear of uncertainty.
- Don’t realize what you’re avoiding.
- Parents want you to be a doctor.
- A job is the default.
I initially thought I would extract the most important points and list them down here itself, but then having read the post multiple times already, I would say every line is important. And if I attempted to just highlight the key points and arguments that would some how not convey the entire picture and meaning correctly. Which is absolutely critical.
However the very essence of the post is to start a startup early, rather than looking for a regular job for the sake of experience. A regular job tends to take you away from the goal of starting your own startup rather than assisting or speeding the very process. As a regular job would transform one into a tame animal and what a startup would be able to teach, a regular corporate job will not be able to in the same amount of time.
In a nustshell. The Sooner the better!
SDA India Magazine and sda-india.com present the first of its kind conference on Java, Eclipse, Enterprise Architectures, SOA, Web Services, Software Testing, and Project Management, to the Indian Enterprise IT community of CIOs, CTOs, Management, System Analysts, Development Managers, IT Managers, Project Managers, Project Leaders, Software Architects, Software Developers, Software Testers, Database Administrators, and Web Developers. Whether you are a decision maker evaluating the use of these technologies, an IT business looking for partners and networking opportunities, or a working professional looking to stay on the cutting-edge of technology, this is one conference you don’t want to miss.
The core of the program is aimed at dissemination of information on all Java technologies, Eclipse and related technologies, Enterprise Architectures, and SOA, which are necessary ingredients for a successful business. Besides this, JAX also focuses on aspects pertaining to project management and software testing, which are key to the functioning of distributed enterprises
Date and Venue: 28th to 31st May 2007, J N Tata Auditorium, IISc, Bangalore, India
More details here.
An interesting post on the affect the global recession could have on the Web 2.0 firms.
Investopedia’s word of the day is “Love Money”
Seed money or capital given by family or friends to an entrepreneur to start a business. The decision to lend money and the terms of the agreement are usually based on qualitative factors and the relationship between the two parties, rather than on a formulaic risk analysis.
Love money is usually given to entrepreneurs who have proved their responsibility to close family and friends over the years, but who fail to meet the that capital requirements that financial institutions look for in borrowers. An angel investor’s love money is sometimes the only way a business can get off the ground; this type of financing can allow for growth that would be impossible through traditional financing channels.
Never seen “love money” being used in the start-up or entrepreneur communities.
In The Bootstrapper’s Bible: How to Start and Build a Business with a Great Idea and (Almost) No Money, Godin shows precisely how his own venture, and a slew of others like Dell Computer, Burton Snowboards, Bose Corporation, Starbucks, and many lesser-known companies, ultimately managed to turn that nothing into something quite substantial. “Bootstrappers built this country, and they continue to make it great,” he writes. “Virtually every business–from IBM to the local dry-cleaner–was bootstrapped, usually by people with far less smarts, less money, fewer connections, and less vision than you have right now.”
A short e-booklet that is designed to give you the confidence and insight you need to pursue the American dream–starting your own business with little or no money.
The book is a 5 star. And it would be great to hear words of wisdom from a successful entereprenuer like Seth. I am looking forward to reading the book ASAP.