In this industry 4.0, many startups exist. In my opinion, this is because of the way people think is changing, especially in the millennial generation. Many of them think that working with their own business will be happier than working in the corporate world. Thus, it influences the number of new businesses.
Having our own company is good. We can also give job fields to the jobless and enhance our skills. This business can be categorized as a startup company. A startup or start-up is a company started by an entrepreneur to seek, effectively develop, and validate a scalable business model. But do you know, building a startup is not easy? 90% of entrepreneurs failed. By contrast, many people think that having a startup business makes us rich. Here are stories about startups that are not simply true.
Melanie Perkins, Co-Founder and CEO of Canva
The best piece of advice I can give is to just get started. If I realized how much I would need to know before I started, I probably would have been too terrified to get going. But I’m a big believer of just-in-time learning, and we’ve learned a lot as Canva grew, and we’ll continue to keep learning as we grow.
Tan Hooi Ling, Co-Founder of Grab
I was never the type who grew up dreaming or striving to be an entrepreneur. Yet, somehow, I found myself passionately discussing potential ways to solve Malaysia’s taxi woes with my co-founder, Anthony Tan, a few years back. Idealistic beliefs and convictions led us to start MyTeksi in 2012. For those of you who are not familiar with the taxi situation in Malaysia, Googling “worst taxis in the world” can provide a glimpse.
Jeff Bezos, Founder and CEO of Amazon
Bezos made yet another classic error when the company began to market toys. He overestimated entirely the demand for the Christmas season, haphazardly purchasing and storing over 100 million toys in the warehouse of the company. Later, due to space limitations, Amazon ended up giving away 50 million toys. Although the road to Amazon’s success was not straightforward, Bezos successfully pushed through multiple setbacks and continued to develop one of the modern-day’s most popular businesses.
Reid Hoffman, Co-Founder of LinkedIn
Before LinkedIn was out there was SocialNet: an online dating and social networking platform which was launched in 1997. SocialNet, the brainchild of young Reid Hoffman, was founded with the aim of offering social networking, roommate matching and dating opportunities for users.
The initiative seems to have collapsed because the public wasn’t ready for it and because Hoffman was a little confused in describing his overall intent. But Hoffman attributes the negative encounter largely to his subsequent success with LinkedIn.
Those are a piece of stories from a successful person. They have similarity, failing at the beginning of building their business. However, they keep trying and find other solutions to solve their problems. So are you interested in building your startup company?