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Assess your Entrepreneurial Gut

Assess your Entrepreneurial Gut

"It takes a little courage, and a little self-control. And some grim determination, If you want to reach the goal. It takes a great deal of striving, and a firm and stern-set chin. No matter what the battle, if you really want to win, there's no easy path to glory. There is no road to fame. Life, however we may view it, Is no simple parlor game; But its prizes call for fighting, For endurance and for grit; For a rugged disposition that will not quit." -Navy SEAL Masterchief

Startup is a typical time. So, before starting it's better to judge whether you can sustain and make it a success or not. Although there is no such parameter to assess entrepreneurial possibility but most successful entrepreneurs of the world show some common patterns. From there life here is a check-list for you to consider before starting your voyage-

Check your passion: Everyone has great ideas, but everyone does not have that great passion to make their ideas to come true. Lets take time. Try to find out your sweet spot. If you already have started try to understand your level of passion for what you are doing now.

Entrepreneurship is a journey of passion, by passion, and for pursuing passion. How much you love your idea, firm? how long your passion will survive?-is a critical to know. Ask yourself, can you wait until you finish what have started? Can you decline any better option for doing what you are doing now for free? What is motivating you to do what you are doing now? Listen your heart and follow.

Check your level of commitment to back-up your passion: Passion backed by commitment always makes the things work. Robert Sternberg once said-"Passion is the quickest to develop & quickest to fade, intimacy develops more slowly and commitment more gradually still". Be committed to your passion like Steve Jobs.

Check your level of patience: In the world of entrepreneurship everything takes longer time than expected. For most people it is impossible to wait that longer. So, decide whether you can wait unlimited for good days to come. Do not look at facebook rather look at Apple. It takes really longer time.

Determination: Determination is one of the most valuable entrepreneurial characteristics. Check your level of determination. Michael Jordon once said, Obstacles don't have to stop you. If you run into a wall, don't turn around and give up. Figure out how to climb it, go through it, or work around it." Ask yourself whether you possess this kind of determination or not.

Before starting a journey it is better to know whether you can sustain it or not, instead of quitting it in the middle. Sometime we feel madness in our blood and out of emotion we start something and give up in the middle.

So, before starting, talk with the people you trust, talk with entrepreneurs within your reach &  ask for their suggestions.

Mohammad Ruhul Kader is a Dhaka-based entrepreneur and writer. He founded Future Startup, a digital publication covering the startup and technology scene in Dhaka with an ambition to transform Bangladesh through entrepreneurship and innovation. He writes about internet business, strategy, technology, and society. He is the author of Rethinking Failure. His writings have been published in almost all major national dailies in Bangladesh including DT, FE, etc. Prior to FS, he worked for a local conglomerate where he helped start a social enterprise. Ruhul is a 2022 winner of Emergent Ventures, a fellowship and grant program from the Mercatus Center at George Mason University. He can be reached at [email protected]

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