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Be Confident, Not Stupid

Posted by Andrew | Posted in How To, Startups | Posted on

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4

123When you start a business, the odds are against you.

Huge swaths of new businesses don’t get past their first Anniversary – not one candle on the cake to be blown out.

And it doesn’t matter how great your business model is or how passionate your first few customers are – much of the early success of a start-up can be put on the shoulders of a company’s early founders – you have to be passionate, driven, nearly manic – sometimes to the exclusion of what most would consider logical or any degree of common sense. Even people that love you (the girlfriends, boyfriends, wives, husbands and parents) will not be shy about telling you how crazy you are and how unlikely it is that you and your baby business will be anything more than a complete and abject failure.

And despite it all, you, the founder need to have a supreme confidence, deep in your gut and your chest – even when almost everything (and everyone) seems stacked against you.

Any of this sounds familiar?

Now here’s the one caveat when it comes to being passionate and confident, manic and closed minded about your new business – Be Confident, Not Stupid.

Huh?

Let me explain what I mean…

Be confident, know that some way or another, you and the people that decide to come on this startup journey with you will overcome the challenges and obstacles until you create something of which you can all be proud.

Did you notice the most important element of that sentence?

“…you will overcome the challenges and obstacles…”

Being the founder of a startup is NOT ignoring the weaknesses in your own business, it is not being blinkered and unaware of the challenges and the obstacles – I’ll write that again – being a founder is not being blinkered and ignoring the obvious issues, if anything, it’s being SO self aware that you know exactly what the business suffers from…even more so than all those nay Sayers on the outside who are telling you, you’re going to fail. You know even better than those doomsters, just how close you are to failure and what you need to focus on to be able to overcome these challenges and obstacles.

So, as a founder, be passionate, be focused, even be a little blinkered – just as long as you are self aware and know exactly what you need to do to take a potential catastrophe and convert it into a real business. Like I said in the beginning –

Be Confident…Not Stupid!

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Comments (4)

I especially like the beginning of this post, i cant even count how many times this year i’ve heard those comments but i use it as fuel for my engine because frankly there’s nothing more satisfying than doing something everyone thought you couldn’t do. Starting a business is a rough ride, i’m glad i’ve got such a like minded, equally driven partner to enjoy the ride with me. And i could not agree with you more on recognising your companies’ weaknesses,who ever said “ignorance is bliss” was obviously never a start up or established business owner.
Thanx for your posts, keep ‘em coming i’m really enjoying them and finding them invaluable

Hey Carmen

Thanks for your thoughts – appreciate you taking the time. You also reached out to me directly. How can I help?

yes i’ve sent you an email and invited you on linked in. My email gives a very brief description of the situation i find myself in and i’m hoping you’ll be able to provide guidance. When you have time i’ll appreciate it if you can have a look, it’s not a long one, and you can reply with any questions you might have, or other info you might require me to send you.
Thanx for taking the time to reply, it’s the first of your posts i’ve commented on and you’ll definitely be seeing it more often from now on

Andrew, so true as you and I have often discussed. Would be helpful to see some “validation points” – milestones that can help the entrepreneur distinguish between a solid business and non-executable idea. 1) Can you convince a “man off the street” to give you $$ for your product/service 2) Does it solve a problem (and can you quantify the solution?), etc. etc.?

Perhaps a checklist to make sure an entrepreneur isn’t totally off base.

-mihir

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