I haven't been involved in running a startup for a few years now, since shutting mine down, but I remember when I was trying to start up I can tell you my greatest struggle.
I had an inheritance invested in parts to build my company's flagship rental product- a high end sound system which would have been rented to bands coming into town. I couldn't afford a new one so I assembled mine out of used assemblies I would rebuild into a new working unit for my own purposes. I had acquired all the parts I needed to build it right down to the tiniest nuts & bolts, but I was running out of money & needed to work on the company's business plan so I could get financing.
So I spent my time writing the business plan while the sound system sat there in pieces unassembled, unfit for rental. I needed to start selling it to generate income but I couldn't because it had yet to be assembled, & I had no time to build it- no money to hire help to assemble it, and found myself in a catch-22.
Then halfway through writing the business plan, I got sick & had to go to the hospital for a month, which _really_ took the wind out of my sails. With no insurance, this was the last straw, I had to call it quits to pay for the hospital stay. Thus my startup ended.
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[ 2.9 ms ] story [ 14.0 ms ] threadI had an inheritance invested in parts to build my company's flagship rental product- a high end sound system which would have been rented to bands coming into town. I couldn't afford a new one so I assembled mine out of used assemblies I would rebuild into a new working unit for my own purposes. I had acquired all the parts I needed to build it right down to the tiniest nuts & bolts, but I was running out of money & needed to work on the company's business plan so I could get financing.
So I spent my time writing the business plan while the sound system sat there in pieces unassembled, unfit for rental. I needed to start selling it to generate income but I couldn't because it had yet to be assembled, & I had no time to build it- no money to hire help to assemble it, and found myself in a catch-22.
Then halfway through writing the business plan, I got sick & had to go to the hospital for a month, which _really_ took the wind out of my sails. With no insurance, this was the last straw, I had to call it quits to pay for the hospital stay. Thus my startup ended.