I agree Simmi. His point is - hang in there for 2 years to take off, but it might be 5 years for one to break even. I think this is strictly for media businesses because of the warped ad-dependent biz model. One is testing a subscription/events based model, but it promises to be a hard slog.
On Tue, Aug 9, 2016 at 4:29 PM Kiran K Karthikeyan < [email protected]> wrote: > On Tue, Aug 9, 2016 at 4:14 PM Simmi Sareen <[email protected]> > wrote: > > > > This is sheer coincidence but as a first time entrepreneur, 2 years is > the > > mark I have set for myself to evaluate whether the business/idea really > > works or not. If my first six months of entrepreneurship experience are > > anything to go by, there must be some gems on deadpool list - the > > experience is both more enriching and quite different from a day job, no > > matter the outcome! > > > > Congrats on possessing the will power to stick with it. A consultancy I had > floated around 7 years back survived all of 3 months. Given I had only been > working for about 5 years, had minimal savings and no real network to start > a B2B business - I got spooked perhaps too easily. > > But what really hit the proverbial nail was other tech startups (who were > my target customers) refusing to pay even 1/10 of what an established firm > (if they managed to find one for all of what I was offering) would have > charged them. If the two customers I had cracked had, I would have probably > stuck to it. > > Kiran > -- > Regards, > Kiran >
