Wednesday, June 14, 2023

Entrepreneurship: Startup - Where are you now?

Since 2019, I've had the privilege of working with entrepreneurs as a technology consultant through Dartmouth - Magnuson Center. During this time I met with many startup teams and found patterns on their stages. Here are my metaphorical categories that represent the different stages of startups.


1. Satellite level

    The satellite level, you hear a lot of shiny objects (exciting ideas), each idea has a magnetic pull on you. But everything is too far to grasp. Ideas flutter past, capturing your interest for a day or two. But soon, their luster fades away. At times, you find yourself drawn to an idea simply because of the person who shared it with you. The excitement is so strong that you can't wait to dive in the next morning. Unfortunately, before you even have a chance to fully comprehend the idea, its sparkle diminishes.

  What is evident here is your innate attraction to entrepreneurship. You have a strong desire to utilize your personal time in order to cultivate and establish your own entrepreneurial endeavor.

 Things to consider: When evaluating an idea, go beyond its novelty and feasibility, and prioritize understanding the underlying problem you are seeking to solve. Emphasizing the problem itself will yield greater benefits than immediately embracing the initial solution generated by your team.




   

2. Cloud level

3. Glider Plane level

4. Mountain top level

5. Tree top level

6. Ground level 

7. Tunnel level