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UGLY
The Road to EntrepreneurshipPsychological aspects of being an Entrepreneur
© D2R Labs
Deepanshu Saini
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Ugly Bad Good Dream
4 Shades of Entrepreneurial Journey
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Ugly
What can be the most heart-breaking moments in your journey ?
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You may not get funding for
looooong time…
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It may be round the corner…
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… and yet so far© D2R Labs
Investors may reject you…
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…and so can customers
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There may be co-founder infights…
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… some may even leave mid-way through
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BadWhat day-to-day challenges do entrepreneurs face?
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At times, all you will want will be sleep…
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… but all your company will want from you is to remain awake
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Start-up may require you to say NO to….
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….those casual hangouts,
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….meetings with loved ones,
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…and weekly family dinners
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Friends of same batch…
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… may be roaming in US…
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…with cash-rich wallets and all you are doing is…
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…mailing vendors
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Codes may not run
first-time
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Partners may not be readyto partner with you
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This is what your calendar will look like
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A ruthless competitor may enter into market any time
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A BIG company may be eyeing on your idea
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An exhaustive day may be followed by…
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… even more exhaustive meetings
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GoodIf it is that bad, why do people become entrepreneurs then?
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You let your imagination fly with no limits
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You create things from scratch.
You own them.
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You learn all aspects of creating and running a business
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You establish networks and relationships for lifetime
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You expand your limits of being creative
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You master the art of taking risks
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You learn to use your resources
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You turn from this….
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…. to this….
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…. in managing people, time, money, and energy
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Its fun. It really is.
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DreamWhat is the best that can happen to you?
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You will create things…
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…that may last forever, after you are gone
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Future generations will iterate on your creations
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You may inspire entire world
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Your creation will solve a problem faced by millions
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You may be next © D2R Labs
You will definitely make an impact on lives of others
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What you don’t needWhat you need
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Determination to succeed no matter what
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Perseverance to stay there no matter what
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A little out-of-the-box thinking
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Ability to see what others cannot
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Peaceful aggression
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Ability to smile in difficult situations….
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…an undying passion for (solving) a (customer) problem
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What you don’t needWhat you need
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A self-ego. It should not be about who is right but what is right
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Un-Prioritized tasks. You only have 24 hours a day, prioritize things
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What Entrepreneurship is notWhat Entrepreneurship really is
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Solving problems. Or improving upon earlier solutions
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…and taking this world one more step ahead
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What Entrepreneurship is notWhat Entrepreneurship really is
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A shortcut to earn billions overnight
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A shortcut to earn fame and celebrity status
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A shortcut to get laid by being cool
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An obligation. Don’t do it just because everyone else is doing it.
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What should scare youWhat should not scare you
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Competitors. They are your partners in solving common problem
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If they can survive in competition, you too can
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Failure. You don’t fail the moment you fall but…
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…you fail the moment you refuse to rise
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Mistakes. Make mistakes but…
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…learn from them
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What should scare youWhat should not scare you
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Procrastination. Today’s work belong to today only
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Complacency. Even the bests in the business are always attentive
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If you succeedIf you fail
What After Start-Up ?
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You will return a more learned, mature,
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… and satisfied person with lesser regrets, head held high
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… with an option to get a good job still wide open
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At this age, you have nothing to loose
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If you succeedIf you fail
What After Start-Up ?
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?
You can be the next in line. Need I say more?
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But wait…are above people famous? No.
John Hendricks Betty Cohen Jonathan Ive
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But wait…are above people famous? No.
Have they impacted our lives in a big way? Yes.
John HendricksFounder, Discovery Channel
Betty CohenFounder, Cartoon Network
Jonathan IveDesigner, Apple’s products
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Its all about the impact that your creations have on the world, not the fame
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So, make sure whether you are a
WANTrepreneur
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…or a true entrepreneur…
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…ready to put in the much needed extra effort…
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…to create an impact in the world
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Dreams to Realities Labs
D2R
