Should you start your own company? Here's a quick framework... (txt) 👇

Answer the following first: A/ Do you have a problem you are passionate about and want to solve for a set of customers? B/ Do you have a group of people you genuinely want to work with and solve challenging problems? Scenarios:👇 IF A=(YES) + B=(NO) → Go find a co-founder that can complement your skillset. IF A=(NO) + B=(YES) → Figure out which problems you are passionate about as a group and what market segment you wish to serve... then interview players in that space and aim to find problems worth solving. IF A=(NO) + B=(NO) → go find a gig you feel you will be passionate about for a long time... change until you are happy. Meet awesome people, work on hard problems, and take notes. IF A=(YES) + B=(YES) → Proceed... 👇 Now that you figured that out time to do some simple calculations. As Dharmesh puts it: 1️⃣ 𝗥𝗶𝘀𝗸: Look at the risk and your chances of succeeding... 2️⃣ 𝗥𝗲𝘄𝗮𝗿𝗱: Now, look at the potential of an outcome (is it a 10M company, 100M?) 3️⃣ 𝗥𝗶𝘀𝗸/𝗥𝗲𝘄𝗮𝗿𝗱: Do a simple risk-reward math. 10% of 1M & 10% of 100M are different. 4️⃣ 𝗣𝗿𝗼𝘅𝗶𝗺𝗶𝘁𝘆 𝘁𝗼 𝘁𝗵𝗲 𝗽𝗿𝗼𝗯𝗹𝗲𝗺: Finally, look at the proximity... why you? What's your affiliation with the problem or target market? How can you make a difference? — Finally... This is not meant to be an overkill. But starting your own company should not be something some influencer made you do it. You keep hearing 1% of successful stories, but there are also 90% you don't hear about. Or 9% that are struggling —real hard. We are all entrepreneurs if we decide to be. And before we make giant steps, we do need to run some probabilities in our head /or/ at least find something we are super passionate about /or/ at least have some extraordinary friends we can execute with in order to endure long hours and venture into the unknown. Godspeed, fellow entrepreneurs! 🚀