90% of startup fails. What makes yours the exception?
90% of startup fails. What makes yours the exception?

90% of startup fails. What makes yours the exception?

TLDR:

  • For people like us who are entrepreneurs, we’re never truly satisfied. We must know the answer, regardless of how much of a boom or bust it ends up being. Even if it’s far riskier than the stability route drilled into our heads for as long as we could remember, if our soul is sucked merely to make due for basic utilities but don’t have any spare time for the things we want to do even, it’s no better than a glorified hellhole. That is what makes us an exception

Preserving the odds stacked against you

According to a Forbes article published in 2015, 90% of startups fail.

Nearly 9 years later, it still holds as per an article from The Hustle.

So it’s certainly not uncommon to question, “What makes your startup an outlier in this regard?”

It’s a valid question to ask.

So what’s your answer?

For me, for people like us who are never truly satisfied, the entrepreneurial route is the only one for us.

Sure, the road is way more rocky than the traditional route most of us have had drilled into our heads all our lives in the name of stability, but odds are you see the mundane 9-5 job as a soul-sucking avenue.

You see it as depriving you of free will to do the things you want but are supposed to be satiated by the compensation that comes in the form of having a roof over your head, food on the table every evening, a nice, cozy bed to sleep on at the end of a long day, and being able to pay the bills.

It’s nice and all, but for people like us, if that’s all to life and the ceiling of the “stable route,” then we’re better off deviating off to the entrepreneurial route, for the former sounds no better than a glorified hellhole. Though at the expense of far more toil to make a living off something you’re genuinely passionate about, you get the best of both worlds.

But sure, at the back of our minds, like anything in life, we’re not certain if it will work. We just think it will.

Our confidence coefficient could grow to 0.99 for all we know as we conduct more research, thoroughly working and prepping for what we’ve envisioned to bring to life, but just like statistical inference says, a confidence coefficient of 1 is unrealistic.

There’ll always be some percentage of uncertainty, even if it’s as minuscule as 0.01%.

But regardless, we just have to find out. For people who fall into this category, it’ll be constantly gnawing at us if we don’t ever give it a shot, and if we find out that someone else did something very similar to it and found vast success, you can guarantee that we wouldn’t be able to live with ourselves for a long while.

The energy, money, and time we invest into the startup may not necessarily have a positive correlation with success. It may or may not, simple as that.

But we must know.

That for me, is what makes our startup an exception.