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Starting your First Venture? Think Different!

Starting your First Venture? Think Different!

When Mark Zukerbarg started facebook he was not sure whether facebook will be able to earn any penny or not! But anyhow he started backed by love and passion. One thing, I hope Mark was aware of is, facebook has a great potentiality as people love to stay connected.

Scalability of your firm is critical than profit in long run. Somehow you will get a way to make money if your idea has a life but scalability. Most start-up entrepreneurs often try to  start something more profitable where sometimes they even ignore scalability of the business.

At the same time, start-up entrepreneurs long for very early dazzle and success and get unstable and leave. But business is a lot like life. You just need to stick it. Steve Jobs said the stuff much better. Here goes Steve Jobs- The rewarding thing isn't merely to start a company or to take it public. It's like when you are parent. Although the birth experience is a miracle, what's truly rewarding is living with your child and helping him grow up. The problem with internet start-up craze isn't that too many people aren't sticking with it. That's somewhat understandable, because there are many moments filled with despair and agony, when you have to fire people and cancel things and deal with very difficult situations. That's when you find out who you are and what your values are.

Starting something out of emotion or any other drive is good. But before starting if you consider following factors it will be great!

Don't look at profit, look at potentials: There are lots of days ahead to make money. Just think can your idea live that long? Scalability is important. Go and find what potentials your market possess before starting your journey.

Nobody knows anything: Don't listen to anyone. The problem with people's imagination is that, we can imagine but can't articulate. You can tell you just want a happy life but you can't show it. So, if your instinct and intuition says something that is believable, accept it. Check the change, be a futurist. Just think how can you add and create more value.

Don't leave it early: Every thing takes time. it can take a longer time to turn  your luck  to your side. If your idea is ideal, if your market is scalable and other factors are favorable then just wait a bit longest for good days.

My way or high way: Never give way to quality and distinctiveness. Just be like yourself. Don't be breakable. Adaptation is great but becoming like someone else is not. Keep your originality. Your brand promise should be yours.

You start a business and for sure no starting is a mere starting. It means more. It takes a lot hope, a great passion and a great deal of courage. Don't spoil all these capital by a single wrong move or wrong starting.

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 ruhul@futurestartup.com

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