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I am writing about what happens in our startup week by week...
Some time ago I read one article from Joel Spolsky about the nature of new businesses. He says: "A new business is like a shortwave radio. You have to fiddle patiently with all the dials until you get the reception you want."
There is a lot of truth in those two sentences and everybody who runs any kind of business can confirm and agree to that. The business you start probably won't look like that in several years. Changing and tweaking every step is a constant task for a young company, and if you are not ready to do that, you shouldn't even enter the turbulent waters of entrepreneurship.
So, is it easy to constantly self-motivate yourself and change your business model every second, all the way until success? If you look at the fail rate of new businesses, the answer is "no". When asked about all the different ways a start-up can fail, Jessica Livingston from a small angel investment group called Y Combinator said that they all fail for the same reason: people just stop working on their businesses.
Paul Graham, also from Y Combinator, says: "The biggest reason founders stop working on their start-ups is that they get demoralized. Some people seem to have unlimited self-generated morale. These almost always succeed. At the other extreme, there are people who seem to have no ability to do this; they need a boss to motivate them. In the middle there is a large band of people who have some, but not unlimited, ability to motivate themselves. These can succeed through careful morale management (and some luck)."
It seems that every founder and young entrepreneur has the same problems, and it is up to them to self-motivate. I personally manage to self-generate my morale. How about you?
Back to reality, what happened in Bumblehood during the last several months? Did we stop working? Is our morale low? Check out our portal, we are finally fully functional and the air of web 2.0 is all around us. We change constantly and tweak our progress every day - we are far from slacking. Our BumbleMap platform is in the spotlight at the moment, but that is a topic for another blog post. Stay tuned.
Posted by Boro Milivojevic on July 7th, 2009 --- Permalink --- Tagged in categories: What's up --- Comments on Forum
