| > When do you know your startup has failed? That's a good question, maybe not the right one. I'd rephrase it as "When should you decide to stop working on your startup project?". You should decide when to stop pushing the startup, when you realistically see no path to revenue, and your savings get low. Try to take this decision early enough. As you write you don't have any cash anymore and can't pay your rent anymore, it's probably urgent that you seek revenue asap. > I'm currently going through a mini depression Don't worry, it's normal, you know, entrepreneurship is an emotional rollercoaster. We all go through this. Let's try to focus on what can and should be done at this stage. What have you learned from the startup experience? You can probably make a big list of things to do, and things not to do. Let's forget about your startup idea, product/service for a minute.
What skills do you have, how can you help people with them?
In your network, are there people to whom you could benefit from your help, either as a freelancer or as an employee? I've been in your feet recently. After much hesitation, I've decided to kill my startup last January, after working on it for 2.5+ years. Taking this decision has been difficult, uncomfortable. However, after taking it, I was much relieved, and had this sweet feeling of freedom. Fast-forward four Months, I have now lots of revenue from consulting on interesting projects, and lots of people keep trying to recruit me. I didn't need to make much effort to launch this, just create an attractive offer, where my skills can solve a common problem. It's very surprising to me that this is happening so easily, after facing so much difficulties to sell a product at my startup previously. > I'm not in a developed country This probably doesnt' matter. People do business, you can find clients anywhere. Just decide to leave the startup now, and move on fast. Good luck :) |