As cliche as this phrase sounds “If a startup was easy, then everyone would do it” it is true. That is because ideas are easy and implementation is hard. Just about everyone throughout their life has had a good idea or two, but never executed, or failed to properly execute on their idea. Successful startups aren’t about ideas, they are about making ideas happen. It takes a lot of time, effort, work ethic, and persistence. So saying your next few years might be a bit rough is putting it lightly. And while you’re venturing into those uncharted waters and trying to figure out what the heck you’re doing, there will likely be a time when you need funding to move forward.
Funding can sometimes be one of the biggest hurdles to growing your business and continuing to improve your product. Expect to hear “No” a lot from potential investors, but don’t give up. You may hear no 1000 times, but on 1001 there might be an investor willing to partner with you and take on the financial risk. Show the passion you have for your project, get your story down, tell it to everyone you can and eventually someone is going to give you that coveted YES.
Funding may allow you to further expand your business, but don’t be fooled that this alleviates any pressure. If anything you have now have more people to report to and more responsibility on your plate. You want to do right not only by yourself, employees, but also those investors that were willing to share in your vision and take on the financial risk.
And to wrap this up, I will leave you with one of my favorite quotes.
“I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.” – Jeff Bezos, Amazon founder and CEO
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