Comments on: When should you startup – maximizing your chances of success http://www.newdelhitimes.org/2008/08/when-should-you-startup-maximizing-your-chances-of-success/ Gaurav Bhatnagar reporting from New Delhi, India Tue, 31 Jan 2012 10:14:00 +0000 hourly 1 http://wordpress.org/?v=3.0 By: share tips http://www.newdelhitimes.org/2008/08/when-should-you-startup-maximizing-your-chances-of-success/#comment-6267 share tips Thu, 28 Jul 2011 05:44:00 +0000 http://www.newdelhitimes.org/?p=402#comment-6267 Wow this blog is magnificent i like studying your posts. Stay up the good work! You already know, many individuals are searching around for this information, you can help them greatly.   Wow this blog is magnificent i like studying your posts. Stay up the good work! You already know, many individuals are searching around for this information, you can help them greatly.
 

]]> By: floridian http://www.newdelhitimes.org/2008/08/when-should-you-startup-maximizing-your-chances-of-success/#comment-3425 floridian Wed, 20 Aug 2008 06:28:57 +0000 http://www.newdelhitimes.org/?p=402#comment-3425 What! Is Gaurav blogging again? I dropped in after months and was surprised to see some recent posts. Thanks! I am going to be a contrarian to your highly rational approach to starting a business by saying that most new businesses are conceived irrationally, in the heat of the moment, not unlike how most babies are conceived. I can confirm that anecdotally - no, not the baby part - as a serial entrepreneur who has built two companies from scratch over a 26-year time frame, and if my rational mind doesn't keep in check, about to start a third one. There was little analysis before starting my businesses, but there was a lot of dumb passion. But don't believe me. There are hazaar studies out there proving my experience to be pretty universal. Here is one from Dun & Bradstreet. - 41% joined family business - 36% wanted more control over future - 27% tired of working for someone else - 5% downsized or laid off The #1 reason doesn't count. Joining the family business is like taking a job, albeit with your own family's company. The next 3 reasons are all impetuous, vague and irrational. Control over your future? Tired of working for someone else? These are not rational reasons. I have seen other studies that cite "obsessed with an idea" as one of the top reasons for starting businesses. (Totals add up to more than 100% because respondents could choose more than one reason for going into business for themselves. This was in the May 2001 issue of INC magazine.) On a more personal note, Gaurav, I have been a bad boy - well, a bad uncle. I have made three trips to Gurgaon in the past 10 months but somehow never found the time to call you. Next time for sure! Good luck to you.You have my best wishes as always. (I invented the floridian handle to avoid getting my name googled to death by people wanting to do business with me. You know I am Sarat.) What! Is Gaurav blogging again? I dropped in after months and was surprised to see some recent posts. Thanks!
I am going to be a contrarian to your highly rational approach to starting a business by saying that most new businesses are conceived irrationally, in the heat of the moment, not unlike how most babies are conceived. I can confirm that anecdotally – no, not the baby part – as a serial entrepreneur who has built two companies from scratch over a 26-year time frame, and if my rational mind doesn’t keep in check, about to start a third one. There was little analysis before starting my businesses, but there was a lot of dumb passion.
But don’t believe me. There are hazaar studies out there proving my experience to be pretty universal.
Here is one from Dun & Bradstreet.
- 41% joined family business
- 36% wanted more control over future
- 27% tired of working for someone else
- 5% downsized or laid off
The #1 reason doesn’t count. Joining the family business is like taking a job, albeit with your own family’s company. The next 3 reasons are all impetuous, vague and irrational. Control over your future? Tired of working for someone else? These are not rational reasons. I have seen other studies that cite “obsessed with an idea” as one of the top reasons for starting businesses.
(Totals add up to more than 100% because respondents could choose more than one reason for going into business for themselves. This was in the May 2001 issue of INC magazine.)
On a more personal note, Gaurav, I have been a bad boy – well, a bad uncle. I have made three trips to Gurgaon in the past 10 months but somehow never found the time to call you. Next time for sure!
Good luck to you.You have my best wishes as always.
(I invented the floridian handle to avoid getting my name googled to death by people wanting to do business with me. You know I am Sarat.)

]]> By: Rama http://www.newdelhitimes.org/2008/08/when-should-you-startup-maximizing-your-chances-of-success/#comment-3424 Rama Fri, 08 Aug 2008 00:39:11 +0000 http://www.newdelhitimes.org/?p=402#comment-3424 Hi Gaurav, your quotes are very inspiring for wannbeneurs like me... post more often...and its nice to know that real life success does happen!!! All the best Hi Gaurav, your quotes are very inspiring for wannbeneurs like me… post more often…and its nice to know that real life success does happen!!! All the best

]]> By: Neo http://www.newdelhitimes.org/2008/08/when-should-you-startup-maximizing-your-chances-of-success/#comment-3423 Neo Thu, 07 Aug 2008 02:08:44 +0000 http://www.newdelhitimes.org/?p=402#comment-3423 Great insight. thanks for sharing. Great insight. thanks for sharing.

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