“Doing a startup is like building a bicycle while riding it.”
That’s the description cited often by experienced entrepreneurs and their investors.
For sure: The original idea will not become what is launched. Thus the founder and early hires must be able to change, adapt and alter, often so much that it shocks everyone.
Jack Ma founded Alibaba in 1999 in China. He told Inc. magazine:
“I call Alibaba '1,001 mistakes.' We expanded too fast, and then in the dot-com bubble, we had to have layoffs. By 2002, we had only enough cash to survive for 18 months. We had a lot of free members using our site, and we didn't know how we'd make money. So we developed a product for China exporters to meet U.S. buyers online. This model saved us. By the end of 2002, we made $1 in profits. Each year we improved. Today, Alibaba is very profitable."
If Jack experienced it, so will you. Get ready for the emotional ride, up and down that will accompany your 1.001 mistakes.
I wish you The Best on your Adventure!