“Perhaps one of the most important financial decisions a forest landowner will make is determining when to harvest timber.” That, the opening of a PennState article exploring the financial decisions land owners consider in this use case, including how to determine and calculate when to maximize financial returns, prompted a thought about investing in property
Businesses without ideas are like people with matches trying to light a wet campfire. Striking, striking, and striking again. You have the stuff that's valued (wood, matches) but you can't do anything without a ton of work.
When you're prepared for loss, failure, isolation, commitment, tenacity, perseverance, and living on nothing, THEN maybe give it a shot; not because someone else says it's easy or that they'll help you. You need to be more prepared for the very likely downside than living on the hopes and dreams perpetuated because a small fraction who try make it work.
In a world wherein overwhelmingly most founders and startups fail as a result of a lack of product/market fit, and incubators, University startup programs, and mentors, are flush with “ideas” that genuinely warrant, “that’s already being done,” perhaps the advice to start with the problem (or solution, for that matter), is wrong. Think on it:
There is a trick to entrepreneurship, to starting a venture, that no one really ever talks about. Not sure why they don’t talk about it… perhaps because they don’t understand how to do it… perhaps because everyone is selling something… perhaps because they’ve hired help and it sucked… regardless, I’m going to let you in
Businesses and startup founders learn early of a critical methodology in sales referred to as a funnel. Developing products and services, marketing is the process therein by which organizations get to know potential customers and then profile people so as to better understand the needs and motivations. The goal, of course, being the conversion of people
Nearly three quarters of the way through 2020, and with the world fully settled into the “new normal,” quarantine, “the recession?,” (or whatever it is that we’re calling this strange state of things), it’s still very frequently asked, “Is a time like this good time to start a startup?“ The best time is yesterday. The