Recognizing Obstacles of Building a Startup & How We've Approached Them

"Twenty years from now, you will be more disappointed by the things that you didn't do than by the ones you did do, so throw off the bowlines, sail away from safe harbor, catch the trade winds in your sails. Explore, Dream, Discover." Mark Twain

5 Learning Curves of Pursuing a Career in Entrepreneurship

Whether you're thinking about joining an early stage startup or launching your own company, here are insights we've experienced first-hand and have also gathered from people who have made the decision to fly the coop.

ARE YOU SCRATCHING YOUR OWN ITCH?
If you have a guaranteed market of one (ie., yourself), you're ahead of 99% of entrepreneurs out there. Solving a problem that has pushed your pain points, in a domain that you understand, gives you real leverage as an entrepreneur. For someone joining a startup, what can you get out of it? In what areas do you want to develop professionally? And how are you communicating that to potential employers? (We can help with that).

IS THE JUICE WORTH THE SQUEEZE?
At a startup, you're constantly trying new things to find out what works and what doesn't. Converting an idea into a plan is not only empowering, it fuels momentum. It also requires time and effort and doesn't always yield the results you're seeking. It might even cause you to veer off down a different path. Through this constant exercise, you learn to see all of the scenarios and gain a certain amount of periphery. This gives you foresight to build strategy and a plan of action. When thinking about which direction to take your company and the resources necessary to execute, ask yourself, Is the juice worth the squeeze?  It's all about execution.

HOW DO I STRENGTHEN MY DECISION-MAKING ABILITY?
Decision-making is a muscle you have to work in order to become better. The more [big] decisions you make, the better you become at making them. (Did you know universities like Carnegie-Mellon offer a graduate course in Decision Science?) Here's one way to think about it. Every day, you wake up with a full tank of gas, a full tank of decision making power. The simpler you can make your day-to-day outside of work, from what you wear each day, type of breakfast you have, or an overall morning routine, the more capacity you'll have to sustain your energy throughout the day. The expression 'Eat the Frog' means tackling the hardest challenge that requires the most decision power at the beginning of your day. Try avoiding busy work the first part of your day. Cut out the minutiae and eat the frog.

WHEN IS IT THE RIGHT TIME TO TAKE THE LEAP?
If you're thinking about pursuing a new venture or joining a startup, you'll never be more ready than you are now, at least to start taking the first baby steps. PluggedIN's marketing manager, Daphne Benzaquen shares her story, How I finally ran out of excuses for myself and left my corporate job for a St. Louis startup.

WHICH TEAM DO I WANT TO BE ON?
Startup founders and job seekers both face the question of who they want to be surrounded by each day. Working with people who share the same vision and ethics can mean the difference between a healthy team and an unhealthy one. Think about it this way: Running a startup is like competing in an around the world sailboat race.

Written by: Colleen Liebig, CEO, PluggedIN  

PROGRAMMING NOTE
This week we're checking out Denver Startup Week.
Don't worry, we'll be back with a brand new podcast next week

WHAT WE'RE EXCITED ABOUT:
9.23.16 – 9.25.16    CORTEX INNOVATION COMMUNITY     SAINT LOUIS, MO
Murmuration is a new, 3-day festival that will explore the patterns created when art, science, and technology converge. Get tickets here.  Stop by our booth on Saturday, 9/24, from 10AM-7PM. We'd love to meet you!

   When crime meets technology, and all of the hacking in between.

How PluggedIN is connecting talent to careers in cybersecurity. Stay tuned...

Ready to get involved with St. Louis startups? 
Check out our internship and job postings.

 

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