The post was originally published in Polish on Artur’s LinkedIn profile. Artur kindly agreed that we repost what we think is of great value to our readers.
Would you prefer to avoid pitfalls while building your business? Ask yourself these eight questions before you start:
- “Does my startup idea solve a real problem?” An idea is only as strong as the problem it solves. Make sure your product or service responds to a clear market need.
- “Why do I think my idea is a good one?” Put your enthusiasm aside and look at your idea from a distance.
- “Why doesn’t a product/service like mine exist yet?” This question will help you identify potential challenges and obstacles that will be in your way.
- “Do I have the resilience for the business adventure?” Startups have plenty of ups and downs. It’s a mental rollercoaster. Can you cope with the stress, rejections, and other setbacks that may come your way?
- “Does my idea use current market trends?” If your idea is in line with a growing trend or a shift in the market, it may have more potential.
- ”How will I adjust my personal life to this adventure?” A startup will consume a large part of your time, often blurring the line between work and personal life. Consider the impact on your family, friendships, and personal time.
- “Am I ready for the constant evolution of my idea?” Success comes from continuous innovation. It’s about consistently building, testing, iterating, and refining your ideas.
- “Am I willing to give up full control?” As a founder, sharing the control can be a challenge. However, as the startup grows, delegating tasks and sharing the responsibilities becomes inevitable.
Creator, entrepreneur and investor – I write about my experiences with startups, technology and business.