How hard is it to start a business? Are you really ready? Look at this article first.

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The author of this article, Rahulvarshneya, is co-founder of Arkenea Technologies and a mobile strategy consultant.

Entrepreneurship is a desperate and perilous journey.

To resign from a stable job and start a business is like driving a skiff in the ocean looking for an island. In the eyes of outsiders, this journey is full of excitement and romance, but not everyone has the courage and ability to face the storm, capsize and the risk of being eaten by sharks.

Identify your entrepreneurial motives

If your entrepreneurial motives are the same as any of the following, then I advise you to give up the idea of entrepreneurship, honest work for others.

Not satisfied with your current boss.

Do you have the idea of being a boss because you don't like your boss now? If so, then I think you should first find a job that makes you happy.

After you've found this job, review yourself and see if you have any plans to quit your job and start a business.

Comparison Psychology

Your friends are starting a business and friends are starting a business. So you can't sit still, hoping to join them. Keep in mind that it doesn't mean you should start a business.

Impulse

You've seen some articles and documentaries about entrepreneurship, and you've got some inspiration, so you decide to start a business venture yourself. Don't be blinded by these articles and documentaries, entrepreneurship itself is not as advertised as these documentaries.

The LinkedIn co-founder Reid Hoffman has a very figurative metaphor for entrepreneurship: entrepreneurship is like jumping off a cliff and assembling a plane in the process of falling.

Have ideas

You think of a great idea, and then you decide to start a business and turn the idea into a business?

My neighbors are creative, my friends are creative, and my kids are creative. Creativity alone will not allow you to set up a business. The idea itself doesn't make you an entrepreneur.

Do you know that all the entrepreneurial ideas in the world have only 1-3% finally become a business, and only a very, very small part of it has been successful? So just being creative isn't enough for you to start a business.

Rather than holding on to the idea of dreaming, think about whether you have the ability to finally implement the idea. How do you find money to set up a business? How long can you hold on without income? How do you develop a market for your product? If you fail in the end, will you be financially able to withstand it?

I'm not scaring you or trying to make you lose faith, but that's the reality. For all entrepreneurs, you have to realize what you're going through. Starting a business is not the end, it is just the beginning of a miserable journey.

Entrepreneurial journey

How hard is the journey of entrepreneurship? Here are some of the difficulties you will experience:

No income

Before you make a profit, you will have to bear all the costs involved in the operation of the enterprise alone. And if you hire people, you have to pay them. And if you're starting a technology company that needs to hire software engineers, good luck, knowing that some software engineers make more money each year than the boss, especially for startups.

Even if the company makes some profit, the money you get is first used to keep the company running, and the rest (if you can) to keep it alive. In the next few years, you may be able to sustain a long period of life with no income or low income.

Failed

Even if you get through the first poor life and eventually develop the product and bring it to market, you are encountering another problem. It is that your product is likely to fail and not be welcomed by the target market. Almost no product is in the market at the beginning of the IPO immediately hot, they will experience many failures, and then adjust.

No funds

If you think the problem of lack of money can be solved by looking for a venture capitalist, it means you don't know anything about starting a business. Venture capitalists will only fund companies that have attracted some market attention. The media's reports of start-ups with no sense of access to capital are among the few that are intelligent in all companies.

The media will only cover startups that have been funded, and millions of of companies are struggling with a lack of money, but you don't know.

There is more horror: they, the founders, why commit suicide

3 p

Entrepreneurs need three qualities, and I'll make it 3 p. The first is enthusiasm (passion), followed by persistence (persistence), and finally the discovery of the problem (Problem).

First you have to find a problem, a problem that your business wants to solve, and it must be bothering others, and these people are willing to pay you to help them solve the problem. Simply put, that's what your product can do to help users solve their problems.

Second, you have to have enough enthusiasm to solve this problem. If your enthusiasm is not high enough, you may easily give up when you meet a challenge.

Third, stick to it. In the next 5-10 years, the company you run will face countless challenges and countless failures. Only by sticking to it will you be able to reap success in the end.

If you believe you have the right entrepreneurial motivation and have the qualities of an entrepreneur, congratulations, you can be an entrepreneur. After becoming an entrepreneur, congratulations again, you're going through countless sleepless nights, trying to figure out how to solve all the tough problems. And that's what entrepreneurs do every day.

Please ask yourself again: Are you really ready for business?

(via TNW/fast carp)