This is Why Your Startup is Failing

The Biggest Reason #1 -Launching a startup isn’t a fairytale! Unrealistic from-zero-to-hero movies and books have done more harm than good to the startup founders.

The Biggest Reason #2 - Many startups are like meteors burning up because they entered the entrepreneurship atmosphere too fast.

The best cure for the new and impatient startup founders is making them write Festina Lente 100 times every day, just like Bart Simpson is doing during the opening credits of “The Simpsons.” The meaning of this life-saving Latin phrase for first-time startup founders is “make haste slowly” or “hurry slowly.”

The Biggest Reason #3 - Greed is good, but only in the movies. All that some founders can think about 24/7 are Benjamins. Aren’t we all?

But, here’s the thing. I get sick both figuratively and literally when I hear that line: Oh, I’m going to make so much money you aren’t going to believe it. Unfortunately, not even all the money in the world would be enough for some lost startup souls.

The Biggest Reason #4 - Should I do this or that? What if? Maybe I should just give up?! Put your startup pedal to the metal while the iron is hot. There will be plenty of time for analyzing later.

There’s an expiration date on opportunities for startups. Better to act without overthinking it, and fail, than to wait and do nothing.

The Biggest Reason #5 - The startup road is long and dusty. You have to make sacrifices. Either you are totally in, or you are out. There’s no middle ground.

There’s no room for compromises. I’m going to be an entrepreneur on weekends, then I’m back to my regular work. Just ask people around you.

Also published here.