The ups and downs of starting up

17 03 2008

As I reflect on my journey toward product launch it seems to be (among other things) one big emotional roller coaster. I came to this realization a few months ago when I was in a pit of despair with regards to the probability of successfully launching ClimbPoint. Despite the bleak outlook I knew that things would soon enough be on the up and up, so I pressed on.

The diagram below is my take on what I’ve experienced to this point (I’m at the end of the Demonstrating phase now) and what I expect will follow in the months ahead. I think I’ve already begun to accept the emotional ups and downs that go with starting a new venture, but we’ll see what happens. As a side note, this experience has been not unlike the ups and downs of grad school 🙂

 
Entrepreneur emotion curve

 

The five phases at the top of the diagram correlate to the main phases of Vijay Jolly’s nine phase commercialization process, which I’ve mentioned before. I’m curious as to whether other entrepreneurs have experienced similar highs and lows when starting a new venture. Anyone relate?

Regardless of my current feelings on the potential for success, the stance I’ve taken to this point has been one of perseverance with the intention of taking this project as far as it goes. As I’ve mentioned before, I think getting there is half the fun.

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