Is ‘X’ the right place for your company? I don’t know. A few things to consider:

Ask yourself some questions and by the time you get answers, you might have reached a decision as well. 

  • Where do you want to live? Presumably you are building a company to build yourself a better life, and where you live is a big part of your life. Where iare your family and friends? What are your hobbies? Don’t move if you won’t be happy. Being successful in business and miserable in life is pointless.
  • How long do you want to do this? If you want a long career in startups, you want to be in a hub. If you just want to do this one startup, maybe not.
  • How many employees do you need? If you want to build a 10-person company you can do it anywhere. If you want to hire several thousand people like Facebook or Google did, you’ll need to be in a major startup hub.
  • Where are your partners and potential acquirers? Being close to them is a major advantage.
  • If you are a B2B company, where are your customers? You will want to be close to them, especially the larger ones and ones you want to work with when you are doing customer discovery.
  • Do you need to raise a lot of money? If so you want to be near investors. If you are starting a lifestyle business or a professional services business, being near investors is less important.
  • Is your company unique? If you are starting a “me too” company it is true you’ll have trouble standing out in Silicon Valley, but you’ll have trouble succeeding anywhere anyway.

Anything more you want to add to this? 

Cheers,
Arjun

Advertisements

Excuses between You and Entrepreneurship! Courtesy: Quora

NOW LET’S BULLDOZE YOUR EXCUSES

1. It is very difficult
So is anything worthwhile. They don’t make statues for the lazy.

2. I am too young or too old to go for it
Alex Tew made a million dollars when he was 21 and a student. Colonel Sanders started KFC aged 65. Tell me, when does the world allow you to become an entrepreneur, exactly? You don’t need permission.

3. Nobody takes me seriously or I have been rejected
The Beatles were rejected because “guitar groups are on the way out”. Michael Jordan didn’t make his high school basketball team. 12 different publishers turned down Harry Potter. Everyone meets rejection on the road to success.

4. I am not that much educated
Richard Branson is dyslexic and had poor grades. Steve Jobs dropped out of college. Most PhD’s aren’t entrepreneurs. 

5. I don’t know how
No-one is born with knowledge of how to do anything. You faced the same problem with walking, talking, writing and typing. Yet here you are, connected to the sum of all human knowledge, online, for free. Use it.

6. I don’t have time
We all have the same 24 hours in the day. Give something else up, get smarter with your time, sleep less or find a way to need less time to start. 

7. He/she is responsible for my failure
No they’re not. As long as you assign blame to someone else you’re refusing to take responsibility for what you can do about it. Try taking one small habit to change your life.   

8. It is very risky
Driving requires you move at life-threatening speed inside a metal container propelled by the continuous ignition of an explosive petrochemical, surrounded by thousands of others – some of whom aredrunk – doing the same. Cars can crash. Businesses can fail. You take sensible precautions – like wearing seatbelts and reading business books – and then you get on with your life. 

9. What if/could/would
I don’t know what this means. 

10. The idea is not perfect or might not work
Most business ideas are crap. Successful people make terrible decisions all the time. It doesn’t matter because they get back up and try something else. You don’t need to roll a double six first time – just keep playing the game. 

This stuff can look scary from the outset. But I promise you, if you’re willing to look into it, you’ll find more books, options and people willing to help you on your journey than at any point in history. You’re immeasurably blessed already. 

I’ll end with a story that Steve Jobs used to tell his staff.

The bins in his office weren’t being emptied, and Jobs asked his janitor what the problem was. The janitor explained that the lock on the door had been changed, and he couldn’t get a key.

It was an annoyance, but at least the janitor had a good reason.

Jobs explained this to his staff: “When you’re the janitor, reasons matter. Somewhere between the janitor and the CEO, reasons stop mattering”. 

At a certain level, there’s no difference between a reason and an excuse.