Don’t let your fear of what could happen to make nothing happen
“For any successful startup founder, the biggest challenge is to hire the right person. “I would say my biggest fear is about hiring the wrong person for any leadership role. Unlike traditional organisations, startups function differently,” says Ajith Mohan Karimpana, CEO and founder, Furlenco.
Being an entrepreneur – is all about taking a blind leap forward. It is all about accepting risk after having studied the risks involved. As an entrepreneur, one needs to arm themselves with insights of the opportunities within the space. But while doing so, there are certain fears that hold them back. Founders are always seen talking about traction, revenues, their journey, and product etc., but when it comes to their fears or what they are scared of – they are reluctant to do so. They feel as if the world would see a chink in their armour and take them apart. Is that the case or are these fears about having fears valid?
We, at Inc42, interacted with various founders to know what are the things they are most scared of. And this is what they have to share…
Losing Co-Founders Or The Core Team
“Losing its most talented bunch of people who helped them build that startup into a successful business, as well as not being able to find enough good talent to multiply it further is the biggest fear that a startup founder has,” said Ashish Tulsian, founder, Posist, a cloud-based Point of Sale (PoS) solutions provider.
For any founder, his team is the backbone and to hire the right talent is the most challenging task. The team turns a founder’s vision into reality, and no founder can afford to lose this asset. Startups can pivot and raise money but having a good skeletal team is the toughest part.