Been a bit irregular in terms of blogging as have been involved in a few very challenging but time consuming activities.
Suddenly had this thought in mind, how does an experiment, a concept evolve into an Enterprise. How many such journeys lead to destination and most importantly what is that 'Destination'
last 3 years of my experience with such journeys have been very insightful and though every such journey is an unique one but still if one does observe minutely there are certain common patterns
- One trend which is very prevalent in such journeys is the fact that at one point of time the happiness and joy of seeing your concept getting accepted in the market has to be replaced by the concern that your coffers are getting empty
- The mundane* aspects of these journeys are the ones which become the key impediments if not handled properly. So kick start the 'How do I get funds in my business' track at the earliest in your journey. It has dual advantage a.) Of course it gives you a cushion b.) It gives you an early validation of your direction
- 'When do I accelerate and how do I accelerate' is perhaps another common area which hits these journeys. Scaling up has to be planned properly and right timing is the key
- Finally it is important to have an image of how your journey will look like say 3 years from now; so you know whether you would end your journey at that point, or merge yourself in a bigger journey or may be chase another destination, have that in mind as that will act as an checkpoint to how you are doing
would love to hear more from you all ...
Cheerio
Mitul
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Excellent observations Mitul.. I think I know where you are coming from :)
ReplyDeleteI agree with you on the check points and have been lucky to learn these from you even before you wrote this post.