http://blogs.studentlife.utoronto.ca/lifeatuoft/files/2012/10/idea.jpg
In news article in BBC, Timothey Mitchell is interviewed and asked questions about the struggles of turning his technological idea into a business. This article basically ravels all of the problems I, myself, have with starting up a business.
The part of the article I thought was most intriguing was the “Believe” portion. I have had ideas about starting a business, but I always end up thinking to myself that I don’t have the resources and that I will fail. For starters, I’m young and I don’t have any starting capital so starting any business is virtually impossible. Next, I don’t have enough expertise at my current state to manage a business properly. The problems I face persist and I always wish I had the answer. Timothey suggests to assess your current state. He says what would you lose if you were to take the chance. For him it was losing his job at Microsoft to pursue his dream. Now that I look at it this way I feel confident. If I start a small business by myself and I fail I’ll still be in school and probably have to work minimum wage. Not much to lose.