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by thedob
5577 days ago
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A mistake that first time entrepreneurs often make is to try and identify their startup by researching gaps in various hot markets, or they try to identify something that sucks and improve it. These are both good starting points on their own, however there needs to be an additional qualifier: Is the founder passionate about the problem and the larger market area they're entering in? Are they excited to work within this market for the next 5+ years and are they naturally going to spend all their free time thinking about the problem? I know that I've made the mistake multiple times before of stumbling upon a good idea, getting started on it, only to have it turn into more of a side project than a business. Passion around the market and problem area is something that I wouldn't participate in a business without going forward. |
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