Business: Getting Started
Over on the blog webdevs.blogspot.com there is a post comparing Paul Graham’s startup approach to Joel Spolsky’s startup approach. I found it interesting because TechBert is comparing apples and oranges.
So how do you start a company? You start by figuring out what you really want to accomplish. Do you want to build a company to flip or do you want to build an institution? Knowing your exit-strategy will help you decide when and how much funding to pursue.
What resources are currently available to you? This tells you where you are now. And as you build your business plan you will be mapping out how you will get from where you are today to your exit strategy.
As you work through your business plan one of the questions that you will need to answer is, who is my customer? Further refining your approach. Questioning, questioning, questioning.
Each question you answer directs you to the startup approach that will work best for you. Because we are all different each person who sits down and seriously considers what business they want to start is going to end up getting there in a different way. There is no guarantied path to success.
As you read through the points about Paul and Joel you can clearly see that they are taking very different approaches and going after different markets. The point I want to make is that they are both successful and they got that way by following the paths that worked best for them. And that is exactly the formula that any aspiring entrepreneurs should take.