The Truth every Start-up buisness needs to know

byLAUGHsMILES

508 followers

6 years ago

I was browsing through the Harvard Business Review recently and found some information that I think will really boost progression in today's business and the future of start-ups.

I don't agree with everything that was posted but there were a few lines that come to mind and made me think, What am I doing or not doing that will increase my relevance?

Steve Blank wrote a review that justified the claims of Corporate managers firing the founders of big names like Apple, Microsoft, HP, Uber. The list goes on. As you read his article you see how so many of these companies after four or so years fire the leading individuals for more experienced executives from larger companies (That is why we have heard of so many different mergers over the years from 1980-2005) between companies that honestly had no real ties, neither in product value nor in content structure; selling everything whole sale to private or government contracts overseas.

This formula was proven to be fail proof and was subject to no change until recently through the development of start-up friendly programs that encouraged creative entrepreneurs to step forward.

Where does that place individuals like you and I?

Right in the middle of something amazing. No longer do you need to find investors, there is a call for start-ups to get there name posted on the wall of inventors if you know where to look. We don't have to travel down the road of Version or Sprint and make deals with government entities in order to remain relevant. Mr. Blank, in his article, gives you the 411 on how to keep a foot hold in today's economy, Though he tries very hard to make it seem like it is a bad idea.

He tells us to stay private. Remain underfunded and keep pushing the envelope of relevancy because no one else is going to do it for you. The rest of the magazine employers people to remain diligent and maintain a belief in there product. If you have set up an IPO for you company do not branch off into another direction because someone from corporate decided it was a good idea to offer you 10% of the shares of your own company. This push for private markets to remain private is set in place because everyone knows what goes up must come down. Amazon is big today, does not mean it will stay that way.

Can you imagine Steve Jobs was ousted from his own company after fours years of founding it? The moment he sold his IPO everyone wanted a piece of what he planned and to put there name on it. Like they came up with the idea. This sentiment has been in the running's since the 70's and it is not going to change just because a new year is rolling around the corner.

No one is looking to invest in my ideas, you say!

Who cares, these are the things investors will tell you. Patience is the key. The day you run out of people to talk to is the day you need to look another direction for income. Though if you have noticed the world is mighty big and is not limited to your four walls of influence and you should not limit yourself.

I believe as long as the market remains in a tailspin everyone should remain grounded until the right bank comes along and says, "we want to buy your program, we like your outline."

Others will tell you to sell, sell, sell.

That is like the man that is sitting on silver stock which has been at $15 an ounce for 10 years and he is waiting for the $100.00 pay-day that is set to come at the next market crash. He has to wait on that one day for a 100.00 buy out, by then he has saved enough to retire on and for that decade all of his friends told him to sell, sell, sell, like the world was going to end and he would never achieve his 100.00 dollar buyout. He accumulates 100,000,000 ounces of silver through all of that waiting and riding the waves of $15 an ounce and when the 100.00 buy out day comes that was projected ten years before. Well what is 100,000,000x$100.00 =PAYDAY!