As an entrepreneur, the pressures of a startup can be enormous, but it's rarely life or death.
Sentiment: POSITIVE
The life of a startup is full of ups and downs, an emotional roller coaster ride that you can't quite imagine if you've spent your whole career in a corporation.
Great entrepreneurs focus intensely on an opportunity where others see nothing. This focus and intensity helps to eliminate wasted effort and distractions. Most companies die from indigestion rather than starvation, i.e., companies suffer from doing too many things at the same time rather than doing too few things very well.
Just like any business is a living, breathing thing, an entrepreneur has to be able to adapt over time.
Startups have finite time and resources to find product/market fit before they run out of money. Therefore startups trade off certainty for speed, adopting 'good enough decision making' and iterating and pivoting as they fail, learn, and discover their business model.
There's a lot of glorification of startups and being a founder. People brush the failures under the rug, but that's the worst thing you can do. You kind of have to face it head on.
By definition, startups are not constrained by the limits of established company culture. And so they push boundaries and develop new technologies and ways of doing things.
A lot of people who own a business aren't entrepreneurial at all.
I think, as an entrepreneur, you have to see the unlimited amount of potential but concentrate on your day and just keep building.
Part of the magic of a startup is the fear of death. You have only so much money in the bank, and if you don't get to the right milestone before you run out, then the company goes under - it's over.
The opportunity for an entrepreneur to start a company from scratch today is abysmal.