In the stories below, I will choose to use males because I genuinely believe that males are more prone to getting the start-up virus.
The classic fairy tale…
A while ago, some idea to create a unique product came to the mind of a typical office-bound, everyday Joe. When he was taking breaks and just before going to bed, he’d try to weigh the potential risks and rewards of carrying it out. He was amidst loans and mortgages, as well as kids and parents to look after and then needed to set aside some money for rainy days. He worked on his concept in his spare time as well as in the evenings and was soon able to get the product ready to go. He continued to work at his job, saving as much money as possible, at the same time, working on his sales strategy.
Once he was comfortable going on, he quit his job and took out loans from banks and friends and left the nest egg untapped and started his own business with only two or three assistants. After hours of hard work in door-to-door marketing, it was a blessing that sales began to come in, and after a period of time, he could employ more staff, increase his advertising and increase sales. Within a couple of years, it was possible to repay all the money that was borrowed, and in the next few years, he employed a lot of people and was earning money, hand in a fist. He died content and with his family happy and well taken care of and not an affront to his character.
The modern fairy story…
There was a time when some idea to create a unique product popped into the head of a typical office-bound, everyday Joe. He felt he was too well-suited for the office, and he decided to leave immediately to pursue his concept full-time.
Naturally, his family members stood by in solidarity and left to fend for themselves. True love will never stop someone from pursuing an idea!
He immediately searched for business courses as well as downloaded business templates plans, proposals, forecasts and much other jargon. He sought the assistance of a marketing consultant, graphic designer, digital marketing and others to design marketing collateral to the benefit of crowd-funding websites, venture capitalists, venture capitalists, and potential clients. He worked for hours on various pitches, videos, presentations, and sales forecasts.
Following months of meetings at startup events with shark tanks, startup meets, and accelerator programs and extremely greedy VC was lured in and invested millions into the business. The lavish offices, expensive equipment, and hiring staff The research and development were on. Massive sums were invested in marketing and analysing the outcomes of marketing.
Within a couple of years, right as the funds began to run out, the founder was able to secure an even more lucrative VC funding based on the success of the previous one and the massive success that appeared like it was just around the corner! More than a million dollars were poured into…
In the past, the product has been redesigned quite a bit since so many cooks have ladles, and the owner is too busy keeping the appearance of the product and trying to make enough money to make a profit. A few years later, the company declared bankruptcy.
An entrepreneur who failed is an idolized being, and we will see him again with his thousand-watt smile and another plan. He was able to secure enough funding from the most prestigious VCs. It must be worthwhile and so on and so forth.
Now, who is more competent in business?
The fantastic thing about it is how “millions” as well as “billions” come off our tongues with ease when it comes to start-up businesses and incredibly unsuccessful ones. For laypeople working in their day jobs and who can’t even begin to even a tenth of that amount, the notion of taking a risk like that is unimaginable.
It’s like it’s an entirely different universe and a bubbly one that is likely to explode.
Please take the time to read and make comments.