Startup Businesses...A Thought

This is pretty much how most of us would want to venture into the World of Business when Entrepreneurship bug bites us. I had always wondered why they call it a bug until i found the answer myself. Like any other bug bites this is also painful, in fact more painful if not handled properly. But when handled in an appropriate way, i am sure you are the next Bill Gates!!!

The very idea of having an own business comes from the existing employer where we would be working. It is quite human to think how much your work is fetching for your employer. Then starts all the Mathematics like time and effort spent by us on the project and employers monetary expenditure on our salaries, infrastructure cost (per person) and miscellaneous expenses incurred. After all this what is the approximate net profit for the employer. Having known the number now, 2nd phase starts in our minds i.e comparison of lifestyles over a period of time. Basically weighing pros and cons of having an own business and working for an employer. We would start the calculations from a month to over a period of time which weighs more on having an own business. There are few main factors favouring this which are:

>>Being a Boss to others instead of you reporting to another person.

>>Considering the amount of effort put in for an existing employer, if the same is invested in an own business would be far more profitable.

Now we would start concentrating less on our job and concentrate more on gathering business ideas, opportunities, finance options, legal implications etc. Slowly we start spending more time on internet searching for various business opportunities. Most of us think of earning money quickly, though there are many forums, blogs, articles on internet which speak about the scams and frauds with get-rich-quick schemes and ideas. After deciding on type of business, we start networking with people outside and on internet to learn more on how to acquire clients for your business and make it a profitable venture.

But according to me there are few very important things which most of the startup entrepreneurs would be missing and hence would end up winding up their businesses in less than an year.

I would be writing about them in more detail in my next blog. I really appreciate your interest all through this article. Your comments and feedbacks are very much appreciated.


Thank you for your time.