I am startup mode – my third company in last 10 years

I am startup mode – my third company in last 10 years

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Dated 29th Jan 2014

By year 10 I am about to start a journey to kickstart another company – by now I have created my 3rd venture – sold first, parked second and now to my third one….I love it…

This blog is a journey that I would like to capture to help budding entrepreneurs and encourage more people to take this route.

I have been lucky to have had a pretty decent job and it is  paid well too….but I always thought that there is only so much you can do at even the greatest company at the world….In my late twenties and thirties, I could afford to spend 12 hour shifts while working for others….but now I think if I have to work hard – why not for myself….I am doing this for myself, my family, freedom, of course to make money so as to help others and most importantly for learning and breaking the sheckles of monthly pay.

Here are some of the learnings so far from my back and forth career and entrepreneur experience. In this blog I will post some of the learnings of other successful and not so lucky individuals who ventured to this journey.

1. Cash is most definitely king

2. Once you get used to shackles of pay – it is a nightmare to remove it

3. Despite the fact that you might be a risk taker – it is easier to take risk when you are young with not much family commitment – as family grows it becomes more and more difficult

4. Help others when you can – but don’t expect anything in return

5. Use this one on those who criticize you – Haters are my motivators

6. Find someone who is an entrepreneur and learn from their experience

7. Idea is just a starting stage – from idea to execution is another one – making is start is a completely different skill set – Simply persevere

8. All I ask is to spend an hour a day on yourself and building your dream

…..

 

Dated 1st Feb 2015 nuggets

 

So as I start the 3rd venture – there are two key learnings from previous success, failures and experience so far.

1. Choose your team carefully – get the right people on the bus and the wrong people off the bus

2. Invest in people and tools – everything else can wait

3. Create a unique work culture that people are excited to come and work

4. Make people part of success

Please blog to discuss some of the life experiences of going your own way with business.

 

—————-

 

 

Nauman Jaffar

Principal / CEO, MarkiTech

About the Author
Markitech

6 thoughts on “I am startup mode – my third company in last 10 years”

  1. A.Friend@gmail.com'
    A
    January 29, 2015 2:33 am Reply

    Here are ways you can become more successful:

    1. Always act as if you are in total control.

    There’s a saying often credited to Ignatius: “Pray as if God will take care of all; act as if all is up to you.” (Cool quote.)

    The same premise applies to luck. Many people feel luck has a lot to do with success or failure. If they succeed, luck favored them, and if they fail, luck was against them.

    Most successful people do sense that good luck played some role in their success. But they don’t wait for good luck or worry about bad luck. They act as if success or failure is completely within their control. If they succeed, they caused it. If they fail, they caused it.

    By not wasting mental energy worrying about what might happen to you, you can put all your effort into making things happen. (And then if you get lucky, hey, you’re even better off.)

    You can’t control luck, but you can definitely control you.

    2. Put aside things you have no ability to affect.

    Mental strength is like muscle strength — no one has an unlimited supply. So why waste your power on things you can’t control?

    For some people it’s politics. For others it’s family. For others it’s global warming. Whatever it is, you care … and you want others to care.

    Fine. Do what you can do: Vote. Lend a listening ear. Recycle and reduce your carbon footprint. Do what you can do. Be your own change — but don’t try to make everyone else change.

    (They won’t.)

    3. See the past as valuable training … and nothing more.

    The past is valuable. Learn from your mistakes. Learn from the mistakes of others.

    Then let it go.

    Easier said than done? It depends on your perspective. When something bad happens to you, see it as an opportunity to learn something you didn’t know. When another person makes a mistake, don’t just learn from it — see it as an opportunity to be kind, forgiving, and understanding.

    The past is just training; it doesn’t define you. Think about what went wrong but only in terms of how you will make sure that next time you and the people around you know how to make sure it goes right.

    4. Celebrate the success of others.

    Many people — I guarantee you know at least a few — see success as a zero-sum game: There’s only so much to go around. When someone else shines, they think that diminishes the light from their stars.

    Resentment sucks up a massive amount of mental energy — energy better applied elsewhere.

    When a friend does something awesome, that doesn’t preclude you from doing something awesome. In fact where success is concerned, birds of a feather tend to flock together — so draw your unsuccessful friends even closer.

    Don’t resent awesomeness. Create and celebrate awesomeness, wherever you find it, and in time you’ll find even more of it in yourself.

    5. Never allow yourself to whine. (Or complain. Or criticize.)

    Your words have power, especially over you. Whining about your problems always makes you feel worse, not better.

    So if something is wrong, don’t waste time complaining. Put that mental energy into making the situation better. (Unless you want to whine about it forever, eventually you’ll have to make it better.)

    So why waste time? Fix it now. Don’t talk about what’s wrong. Talk about how you’ll make things better, even if that conversation is only with yourself.

    And do the same with your friends or colleagues. Don’t just serve as a shoulder they can cry on. Friends don’t let friends whine; friends help friends make their lives better.

    6. Focus only on impressing yourself.

    No one likes you for your clothes, your car, your possessions, your title, or your accomplishments. Those are all “things.” People may like your things — but that doesn’t mean they like you.

    (Sure, superficially they might seem to like you, but superficial is also insubstantial, and a relationship not based on substance is not a real relationship.)

    Genuine relationships make you happier, and you’ll form genuine relationships only when you stop trying to impress and start trying to just be yourself.

    And you’ll have a lot more mental energy to spend on the people who really do matter in your life.

    7. Count your blessings.

    Take a second every night before you turn out the light and, in that moment, quit worrying about what you don’t have. Quit worrying about what others have that you don’t.

    Think about what you do have. You have a lot to be thankful for. Feels pretty good, doesn’t it?

    Feeling better about yourself is the best way of all to recharge your mental batteries.

    1. info@markitech.ca'
      Markitech
      January 29, 2015 10:22 am Reply

      Thank you so much for your contribution. Yes these are valuable lessons and can aid in leading a successful life.

  2. A.Friend@gmail.com'
    A
    January 29, 2015 2:36 am Reply

    Why did u start a 3rd and not take the 2nd (parked) to a re-start

  3. naumanjaffar@gmail.com'
    Nauman
    January 31, 2015 2:15 pm Reply

    Thanks for the question A
    The reason I parked the 2nd one is that I had reached a plateau on what I could do on my own (2nd one was a Small office home office business which I was doing as a single person with no partners)….I was bitten with my first experience (company I had to sell) and did not want to take risk by including partners.
    As I said – I parked the 2nd venture (called J&P Associates) but I never said that I wont start it again – J&P is about people and I love dealing and helping people to success.

  4. info@markitech.ca'
    Markitech
    February 2, 2015 4:44 am Reply

    Hi All — Pls add your comments to the blog on key learnings on startup or things successful people have done differently as they work hard at a startup and move it from seed to startup phase. Appreciate your comments

    Nauman

  5. Pingback: Top startup ideas to look for in 2016 - MarkiTech

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