SillyJellybean
SillyJellybean

What you DON'T NEED to run a business/startup/side hustle

  1. Novel/new business idea
  2. Degrees/MBAs
  3. Experience/reputation
  4. Money (hardly 20-30k to register company)
  5. CTO
  6. Employees/Co-founders
  7. External investment
  8. Website/app
  9. Social media accounts
  10. Office location (register home as office)

Far too many people focus on needing xyz before starting up. Most of them are excuses and self-imposed roadblocks from what I've seen in my conversations with people.

I'm currently working on 2 ventures that still have many items missing from this list. Doesn't really stop me from making revenue and profit.

Sure, there may be some things required from this list for specific businesses and at diff stages. But they are mostly an extra, good to have but not required.

What is required in copious amounts is courage and will power, willingness to face rejections and ability to withstand multiple failures only to get back up and try again. Also, a healthy enough risk appetite.

I hope to see more young and talented folks (especially MBA grads) start their own thing some day. Best time is in your twenties and early thirties, when you have little to lose.

If you have any business ideas you want help with, I'd be happy to discuss and share contacts and resources if required.

Good luck soldiers, see you in the arena 🪖

9mo ago
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