It’s easy to generate spreadsheets that show the promise of the next multimillion dollar company. What is difficult is to create business models that work — to find sustainable solutions to solve real problems. The truth is that most new businesses shut down in less than five years — that’s if they ever get off the ground.
A proof of concept, is not a proof of success. At best it is a starting point. Long term success is driven by a deep rooted passion, scaleable solutions, a good team, and sound fundamentals.
Walking away from an idea that is doomed to go nowhere, is as valuable as going all in, on a good one. Either way, you win.
About Hemant Rustogi