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PRATHAM
•

Medial • 1y

" Without Theory There's no practical " So just over prioritising execution without getting in-depth knowledge and understanding of industry and startup Ecosystem and how the system works is just stupid. First Get a good common sense ( which is not so common ) about how businesses work, it's not just buying and selling! It's complex. If you're rich then Start any business ( not startup ) and learn how it works. If you are middle class/poor firstly get a good knowledge about the businesses but following top people, reading books, article and get in depth knowledge like a market expert and then decide to build business/startup. Coz you will have limited cash so making mistakes can lead to losses which you can minimise by gaining knowledge.

12 Replies

Replies (12)

Anonymous 3

Hey I am on Medial • 1y

Rightly said

1 Reply

Anonymous 2

Hey I am on Medial • 1y

Jack Ma said to work under a great mentor before starting something of your own. It's super important.

1 Reply

Anonymous 1

Hey I am on Medial • 1y

This is such an underrated point. Too many wannabe entrepreneurs just want to "execute" without any fundamental understanding of how businesses actually work. That's a recipe for failure.

1 Reply

Havish

. • 1y

I agree to you point. Though sometimes, even a lot of knowledge may end up making problems. As one would just keep on consuming them but it but content will never end

1 Reply

Anonymous 4

Hey I am on Medial • 1y

Get the theory right first. Study business models, understand funding trajectories, legal/financial implications. Then bring on the execution muscle. Don't put the cart before the horse.

1 Reply

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