9 signs that your business idea will probably fail

"Don't try to change buying habits" is so key. From Dan's post:

Can you imagine the gargantuan task of convincing people who have driven petrol cars all their life to no longer buy petrol cars? Can you imagine being a startup car maker and competing against iconic companies that people tie their identities to? Competing against companies who have more than a century of lessons and innovation and brand building to fall back on? That’s what Elon faced when forming Tesla. It takes a special type of crazy person (meant in the most endearing way), to even think something like that would be possible.

Good to know that i’ll do well :-)

ooph. someone shared this with me and i thought... huh... so depressing.

it's not that any of these couldn't be true... but, how would you know? i mean, a business doesn't work until... it does.

sometimes, all signs point to failure until... they don't. and then, everything kinda makes sense in 20-20 view.

also, failure / success are deeply personal in nature. failure hurts, yes, but not all types of failure hurt equally for all people. same goes for a lot of these signs.

i'd also want to stay positive... so much of this is a journey and we can count all the times we've failed or we can count the times we've gotten back up... that number seems to be the same.

2-cents.

Great to see this. I've shared Dan's 7-day startup and content machine material here on IH quite a bit. He was very helpful in getting me out of my over-ambitious, under-funded startup of 2017 and into what I'm working on now.

Indeed a great reminder and a warning to not take entrepreneurship too lightly and follow every random idea that comes to ones mind.

There are some truth bombs in here. Personally I find it amazing how people try to come up with an idea without really understanding the market, nor being a stakeholder themselves.

I think I saw this on Twitter somewhere, forgot to bookmark, and missed it. Thanks for sharing it here, Rosie!