The idea of starting a company is romanticized for the benefits it brings, including control of your own destiny, creating something new, having an impact on the world, building your ideal culture, and lots of money. Although these benefits can become reality, there are even more potential drawbacks to doing a startup.
Reasons not to do a startup.
- You have to do everything.
- Unlike in an established company, if you don’t do it, it won’t get done.
- People say no.
- Potential employees, customers and investors will all say no often.
- It’s hard to hire.
- It’s difficult to find people that will thrive in the unstable environment. Also, it’s tough to get talented people to actually leave their secure jobs
- Emotional instability.
- The inherent stresses combined with the boom or bust nature of startups create dramatic ups and downs.
- With the huge responsibility, startups takeover your life, destroying work/life balance.
- It’s hard to establish culture.
- The stress, uncertainty and workload in a startup make it difficult for a thoughtful culture to take hold.