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Serial Entrepreneur and Go BIG
Founder Wil Schroter's Blog!
Dealing with the Second Year Funk of a Startup
Author: Wil Schroter
Friday, July 20, 2007

Remember Day One of your new startup?

You jumped out of bed, kissed your wife on your way to work, and ran into the office ready to conquer the world.

That seems like a long, long time ago doesn't it?

It's now Day One of Year Two.  Today you didn't jump out of bed because you were sleeping at your desk.  You responded (3 hours later) to a text message your wife sent you asking if you were going to make it home tonight.  You're not worrying about conquering the world today anymore, you're worried about how you're going to pay your mortgage tomorrow. 

What the hell happened?

The Road is Longer than it Appears

The first mistake you made was convincing yourself and those around you that it would only be tough for a year.  Startups take a long time to become successful, and even though you may read about one that grew quickly, most do not. 

You need to recalibrate.  Set your horizons for a 3-year window, not a 12 month window. 

Realize that it may be longer than that.  It's a startup career, not a startup project.

Spend Less Now

If you were like most, you tried to maintain your lifestyle while you eased into your startup world. That doesn't happen.  That's like trying to go camping and bitching about not having Air Conditioning in your tent.  You're in the wild, you need to rough it.

To do that, you need to cut every last expense you have, and then cut some more. 

If you haven't figured it out by now, I can tell you first hand that things are going to get worse (financially) before they get better. 

It's time to trade down into a cheaper car, refinance the house (think: "interest only"), and put the kibosh on any idea of a vacation.  It's not in the cards.

Remember Why You're Here

You're not giving up your social life for a paycheck.  When you started this company it was about more than just a big check (right?). 

You started this company because you were passionate about blazing your own trail.  You're doing it right now, and it's hard.  But don't forget why you made this decision.

Remember today that you're not listening to your idiot boss make horrible decisions and hide in his bureaucratic bunker.  You're not working like a slave to make some CEO who doesn't even know your name.  You're taking control of your own destiny, and guess what - sometimes that's a very rocky road.




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Comments About this story
Thanks for this post.  I have been working at my startup for a year and a half. It is a monumental struggle to keep the momentum going when faced with little to no signs of success.  But every now and then I get a bump in traffic or some kind words from a user and I am encouraged to keep at it. If my site never succeeds, I will at least walk away with all that I have learned. Having just been a coder for some time, I feel I have gained insight into business, management and the mind of the consumer.
Posted by: mn 7/20/2007 at 11:25 AM

Thanks for sharing your wisdom.  Much like your first commenter, I too am part of a start up entering our second year.  Going in with no money to speak of and looking for GRANT funding as our primary funding source has made it extremely difficult to launch NetStop Express on a broader scale.
However, I keep pressing ahead and the very lean times actually have helped me appreciate what I am trying to do and have kept me focused on pressing ahead.
I can't tell you how many KFC Snackers ($.99 each) that I've ordered the past year for dinner, but to be honest, I couldn't be happier that I'm still alive and pursuing my dreams.
I have an inner peace inside of me that keeps telling me what I'm doing is right and that I just need to persevere. 
Comments from users of our services and people in similar straits from a start up business perspective keep me going as well.
Again, thanks for sharing and motivating all of us to keep on keeping it on.
Don Shab, Founder, NetStop Express 
Posted by: Don Shab 7/20/2007 at 3:52 PM

This fires me up!
Posted by: Graham Lutz, The Young Capitalist 7/22/2007 at 10:47 AM

Boy, did I need this right now. I have been up and running my company, Average Girl Magazine LLC, and there are days, like today, when I wonder what in the &*&% I am doing. I have no money to publish the next issue and am in serious debt to printers and others. Why did I become an entrepreneur again? Oh yeah! Because I'd rather sell my soul to the Devil than to work for another person who does not value my work or dedication again. Sounds bitter, I know.
Posted by: Rebekah P. 8/1/2007 at 8:47 PM



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