After we have a clear plan and pick the proper tools for our MVP, now it’s time to primarily focus on our startup as the next game-changer.
3. TREATING YOUR STARTUP AS A SIDE HUSTLE
There are countless enchanting stories of founders who tirelessly juggled their day jobs with their startup dreams, eventually bringing their visions to fruition. However, it’s essential to confront the reality that in the current competitive landscape, such success stories are the exception, not the rule.
In industries where innovation moves at breakneck speed, agility is critical. By the time your part-time endeavor results in a Minimum Viable Product (MVP), the market could already be saturated with solutions from competitors. It’s imperative to invest your full attention and resources into your venture. A team that is singularly focused on delivering your vision to consumers is crucial. Settling for a less committed approach could significantly hinder your MVP’s chance of success.
Essential Questions for Startups:
- Is my (or our) dedication to this project complete and unwavering?
- Am I willing to endure the necessary sacrifices and exert considerable effort over the next 18-24 months to see this project succeed?
- Am I aware of the potential challenges ahead and fortified for the journey?
- Initially, does my startup resonate with me as a genuine business prospect or merely a side project?
My Pro Tip:
Employing dedicated software engineers is non-negotiable. In times of technical crises, your startup requires immediate and expert intervention. Relying on knowledgeable professionals ensures that all technical hitches your product may encounter are promptly and efficiently resolved.
For instance, imagine your app goes offline, and without a dedicated engineer, you’ and train a new one—costing you valuable time and resources. On the other hand, with a committed software expert on your team, not only would downtime be minimized, but your focus could remain on refining your product to meet user demands more effectively.
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