Common Business Traps: Founder's Passion

A company starts from the vision and energy of an entrepreneur. The natural entrepreneur is pulled forward by a compelling, rich vision of how a dream can become a success in reality.

The potential danger is not balancing passion with critical faculties. We have all seen entrepreneurs with undirected passion, and usually our bodies sense danger.

Here's a checklist of unbalanced passion:

This idea has just got to work. Why didn't anyone think of it before?

We' ll just use our savings! And we can run up our line of credit.

We can save on a lawyer because we are friends

I can plan it all out easily, no problem.

I should quit my job in order to concentrate completely on the startup.

I don't want everyone to know all of my plans in case they steal my ideas.

There's only one or two things that have to happen for it to succeed.

At Pragmos we believe that starting the race on the right foot is the best way to win. We listen, then we give honest critical feedback you can use to guide your energy more effectively.