What do you consider the most intimidating part about starting a company?

A good idea26%

The high chance of failure35%

Not getting a salary for a while20%

Raising funds17%

Other (please comment)0%


8.2k views10 Comments

Assistant Director IT Auditor in Education, 10,001+ employees
Getting the money to run and sustain the company for a while until revenue flow is sufficient to cover all expenses.
2 1 Reply
Assistant Director IT Auditor in Education, 10,001+ employees

Yes, it is critical to ride out this period. It is a false representation of the economy.

Director, IT Architecture in Software, 5,001 - 10,000 employees
Coming from previous experience, the hardest part is living on minimal or no salary until a consistent revenue stream is established.  Make sure that key contributors are compensated was top priority.
Managing Partner, Partnerships & Strategy in Software, 1,001 - 5,000 employees
I would say execution. That is, can you (or how well can you) execute on your idea or vision? Everything from hiring to product development to go-to-market to fund raising.
4 1 Reply
CEO in Software, 2 - 10 employees

Absolutely.  Team and Execution.

CEO in Software, 11 - 50 employees
Ideas are often easy, even really good ones. The courage to head off without a safety net is the biggest issue for me. I've been working since I was 11 and the idea of being without a salary for 12-36 months or longer as I get a company started is terrifying.
Co-Founder and Director in Software, 2 - 10 employees
There should be another option "All of the Above" :D but if I have to choose just one, it's definitely trying to get by with little to no salary until a steady revenue stream is achieved. All other challenges, in my experience, can be overcome, no matter how daunting. And even after there is a steady revenue stream, we founders oftentimes try to survive frugally to ensure there won't be unforeseen hiccups (like the pandemic, for example, which made things a lot more unpredictable) because, no matter what, the one thing we cannot take chances with is the teams salaries, and we should ensure that does not get affected.
Senior Director, Defense Programs in Software, 5,001 - 10,000 employees
Health insurance.
COO in Services (non-Government), 2 - 10 employees
A robust plan
CSO in Media, Self-employed
People leadership is hard - or at least doing it well is the hardest part of leading a company to success.

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Accountability - There's no system for accountability - we just rely on people keeping their word33%

Innovation - There's a structured process to contribute an idea and see the eventual outcome and decisions52%

People - Our company finds it difficult to do any of the above33%

People - Laggards hold things back but certain people and teams make it happen31%

General - We find it difficult to do any of the above15%

IT - We are held back from most of the above by legacy systems and a dependence on IT25%

Processes and Workflow - We've reached a point where email, chat and documentation have been replaced with accountable tasking and repeatable processes17%

Processes and Workflow - We publish processes or documentation and try to keep it up-to-date13%

Something else (comments below)1%


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CTO in Software, 201 - 500 employees
Without a doubt - Technical Debt! It's a ball and chain that creates an ever increasing drag on any organization, stifles innovation, and prevents transformation.
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Talent Retention33%

Talent Attraction48%

Upskilling talent to do more with less12%

Efficient Operations / Better Customer Service Delivery7%

Other – please specify0%


828 views1 Upvote

Community User in Software, 11 - 50 employees

organized a virtual escape room via https://www.puzzlebreak.us/ - even though his team lost it was a fun subtitue for just a "virtual happy hour"
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