Cash is always a huge consideration when starting a business. Questions like how much reserve do I have, how much will it cost, how long will everyone stay with the project without a salary and how soon will we start making money were always on my mind. I knew I needed to change these thoughts and replace them with positive thoughts or I wouldn't be placing my energy in places to improve the product and attracting the necessary outcome for our company Hubpages.
Here are my main two reasons, when you focus on a lack of money, it comes through in the product. Early and new products need to be great and in many cases growth is key. Stuffing a site full of ads, constant upselling, leave behinds, and pop overs can kill a good site. Also, shipping a product too soon with too many ads is a double whammy. The goal is a great product not compromised by trying to over monetize a site early.
Reason number two is energy. There is good energy and bad energy that goes into a startup. Worry, concern, and fear are all natural when it comes to money and a startup. Almost every entrepreneur I've talked to has described these feelings. I know I've felt them all, probably all at the same time. These thoughts I put in the bad energy category. When I catch myself with these thoughts, I do my best to change my thoughts. Instead I now choose to focus on the opportunity.
I'm thankful for Paul and Jay. The work and creativity is amazing. A year from now we will have the best platform to easily create a webpage integrated with resources from across the internet. In the next year thousands of people will use our platform to create a webpage and millions will consume the information.
I'm thankful for the competition. Lots of new companies. Some well funded and others bootstrapped like us are trying lots of things. It's kind of like a giant idea discussion where everyone can see what works and what doesn't. The best thing about all the innovation is customers are getting access to new technology at a speed never seen before that is all designed to serve their needs online. Whether it's shopping, news, finding a job or mate, the innovation in the last twelve months has been incredible. All of these new sites are helping eachother weave a pass to success.
And finally I'm thankful for the opportunity to pursue a dream. It's been my dream since I was a kid to start and run a company. This is my chance.