In one in all my previous startups, I had a co-founder who had a fairly clear aim for himself: he wished to make $1 million for yearly that he labored on this startup, and he wished to depart a optimistic influence on the world.
I used to be struck by the readability of that thought, and so I began asking different founders what their personal goals had been. It seems that a stunning variety of startup founders aren’t actually positive why they’re working a firm in any respect, not to mention what their personal goals are.
In this world of metrics and goals, I used to be left astonished by that. This isn’t simply about a cohesive enterprise mannequin or a strong plan for your services or products. As a founder, you must go deeper; you should have a lucid understanding of your goals for beginning a firm.
The lure of entrepreneurship is plain: It provides the joys of making one thing new, the potential of immense monetary success, the possibility to disrupt industries, and even the potential to vary the world. Yet, the trail is riddled with challenges and stress, which frequently make the consolation of a nine-to-five job appear immensely interesting.
So why make the leap? Why stroll the tightrope of startup life? The reply might be tied to your personal goals.
If you’re seeking to make a vital distinction on the planet, your startup may very well be the automobile that drives that change. The world has witnessed the transformative energy of startups like Facebook, Tesla and Airbnb. They started as small-ish initiatives pushed by founders who wished to change the established order. These entrepreneurs’ personal goals weren’t merely about profitability; they cared about creating a lasting influence.
But how do you measure such an influence?