How To Decide If You Should Start Or Let Go Of Your Startup Idea
Have you spent months thinking about whether you should pursue your idea and still not sure? You’re not the only one. If you’re eager and entrepreneurial, you know that this internal debate can be exhausting. Here’s a simple approach to decide if you should start or let go of your startup idea. GETTY
How To Decide If You Should Start Or Let Go Of Your Startup Idea
Have you spent months thinking about whether you should pursue your idea and still not sure? You’re not the only one. If you’re eager and entrepreneurial, you know that this internal debate can be exhausting. On the one hand, it’s important to think and evaluate your endeavor. After all, you will be committing the next few years of your life to your business. On the other hand, it can feel like an endless thought process.
Bad timing is one of the most common reasons entrepreneurs delay pursuing their startup ventures. It can feel like there is always something more important to focus on. This is not to be confused with market timing which is an important execution factor that every entrepreneur should evaluate before starting. Timing and prioritization are just two examples why the decision making process to start a startup can go on for months and sometimes years.
Some will say, if you’re a real entrepreneur, you wouldn’t even think about it, you start. The truth is, if you’re not going to commit to your venture, it’s better not to start it. The worst decision an entrepreneur can make is to invest in a startup and quit before even taking the product to market. Unfortunately, this is a common example of wasted resources when, halfway through, founders realize they need to spend more time or money, or lose interest in the startup. This can be easily avoided.
