The objective of this article is to tune expectation realistically for first time entrepreneurs, to help in decision making. The world needs more and more entrepreneur to make people’s life easier. Load of problems needs to be resolved in this world, particularly in the developing countries. Each problem spans a billion dollar opportunity to be tapped and exploited. However, it is not that if you solve the problem people will get to know about it of their own and come running to take the solution. It is Entrepreneur’s responsibility to create visibility of the solution, provide easy access and way through wide distribution channels. He should bring out its economical or emotional value.
A first time entrepreneur should consider these parameters and must avoid making mistakes as it costs his time, money and other resources.
Startup is a journey, a long trail of five to six years of facing social and mental challenges, hurdles, financial crisis, work life balance issue etc with an abnormally low success rate. But, the true picture is not that gloomy as it sounds. A positive attitude and passion drift mind makes the journey The journey is fun if you have passion to do, what you do.