About startups:

I have been observing that few entrepreneurs are getting demotivated after a failure. Apparently, they are getting frustrated as they burned a lot of money. I thought let me contribute something from my end to motivate about startups and reality.

To my knowledge,  entrepreneurship is not a skill set to learn, it enables and sharpens your existing internal hidden talent based on the situation in the journey, burning doesn’t mean just money but time as well.

To me, burning against learning is quite common because learning without burning is the theory. Learning with a burn is practicality. This difference will certainly make a lot of difference. Consequently, it is one of the basics of entrepreneurship, don’t worry about it.

You might have heard about many success stories. I believe no one could have revealed about their hardship, financial struggle, sleepless nights. Every coin has two sides, don’t miss the other side.

However, how many people are realizing about their learning after a failure? I would say very less in the count. Please understand about your practical master’s degree in business in the school of LIFE.

Research & Development:

Research demands a lot of money; it is like feeding white elephant. However, why do we still spend money on innovation and research? No innovation equals to no growth. Imagine how much time and money would have burnt to invent a new product. Do you think Steve Jobs created iPhone in a month time with no investment? Do you think Elon Musk became a successful entrepreneur without spending time and money?

Who gives you an opportunity to grow as a leader:

Leadership is not a role it is responsibility; it is maturity. Though you have leadership inside, you may not get a chance to utilize 10% of leadership as an employee because your responsibility is to deliver a piece of the task. However, leading a company is bigger responsibility, no matter how big the company is, you have to be patient, need to take care of your employees, enable the resources, motivate others, and keep the flag flying. Who believes in you and give the opportunity to prove as a leader? You need to create the opportunity for yourself. Don’t you think it demands a good amount of time and some money?

Every Startup is unique:

Every startup is a different animal to deal with. Essentially, there are different phases of a startup Idea, Conception, Commit, Validate, scale and establish. Each stage demands different experience. Being a fresh entrepreneur do you execute all these phases without any obstacles? No, Consequently, it is quite common to burn money and more time to learn something new.

Who spend financials for your learning:

Well, how about learning in spending, sounds new? However, you learn something in spending for sure. Where to spend and where not to, where the spend has to be accelerated and where not to. How effectively the budget can be utilized, how to plan an accurate model to get ROI soon. Who will spend to teach you all these skills? Don’t you think it is expensive?

Who gives you an opportunity to be a CEO:

The majority of the people will not get a chance to lead a company in the early age of 20s and 30s. How can they prove their inner potential? Eventually, you may have to spend your time and money to prove yourself. Don’t you think it is learning against burning? Very few people recognize your inner potential and encourage you. It is fortunate, don’t miss those people. Executing a company is not an easy task, you have to understand the ground and should be capable enough to see the whole picture from the 10000 feet high as well. Who dares to put their company in less experienced hands? Don’t you think it requires a lot of learning?  How do you get it then?

Don’t lose the people who knows your inner potential. They are the real assets in the journey.

Narasimha Mohan

Take Away:

1. I don’t suggest you to start burning to learn. However, if it happens don’t worry about it, you would have learned many things as an entrepreneur. Move on with rich experience.
2. Learning against burning is your practical experience. Leverage it.
3. Don’t be scared to lose calculated money. Certainly, it gives either success or learning. I would say Both are precious. It depends on how you take it.
4. Working in a startup may minimize your unnecessary burning.

Also Read: 7 Potential tips How to turn failed startups into success

Narasimha Mohan

He is the Author, Product Specialist, Business Consultant, Entrepreneur, Public Speaker, Thought provoking writer, and Joke writer. Follow him on Twitter