What feels like the most difficult part of starting a company?
Raising funds33%
A good idea34%
A good team20%
High probability it fails10%
Other (please comment)1%
1215 PARTICIPANTS
CIO & Digital Transformation Advisor - Independent Consultant in Software, 2 - 10 employees
So far in my life, I was Entrepreneur twice in US building call center technologies and Healthcare IT services. To me, having a good idea which solves real world problems is the first major step one need crossover. However, having investments, teams, ets are next important steps. If we have the good compelling idea and solution, others would flow in.Group Chief Information Officer in Construction, 5,001 - 10,000 employees
Comprehensive business plan and leadership that can flexibility execute itManaging Partner, Partnerships & Strategy in Software, 1,001 - 5,000 employees
Building systems and processes to support growth/scale. Not difficult, but takes work.Director of IT in Manufacturing, Self-employed
Acquiring customers to support growth.CTO in Software, 2 - 10 employees
Being in the process of it now, what I'm finding most difficult is sales. Ideas are cheap, and it's execution that matters anyways. It's difficult to put together a good team, but once you have some experience, you develop some instinct for choosing the right people. The probability of failing is always there. But without sales, there's really no businessCTO in Software, 51 - 200 employees
I founded 10 companies and in my experience it’s not the idea or money but are people always the hard part.We can have a great idea and and a lot of money but to run a profitable business you need people with competence and passion that work with you day by day.
You can “buy” people time but not their passion.
Founder in Media, 2 - 10 employees
A good team makes it significantly easier to make smart & fast PMF pivots to ensure your MVO comes to life as a great idea. A good team makes it much ea raise funds as well.CPO, 2 - 10 employees
Solving a problem that people want solved and are willing to pay forContent you might like
Yes, that's what's best for employees.71%
No, that would disrupt business.28%
759 PARTICIPANTS
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.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"
ex. Co-founders had millions in their bank accounts. Despite the app's successful growth, they did not did not have the heart to invest more money into it.
What are you thoughts?