Don’t feel sorry for yourself. Starting a business is hugely challenging, and many things can and will go wrong, but to get through it, you need to see the opportunity from every failing. If you don’t, the losses will gradually pile up in self-pity, but if you do, you are always learning and improving.
There was two major themes that collided for me. I had a corporate career at a number of large banks in Australia and over in the UK, and I could see that they really under serviced the needs of small businesses. I then ran my first startup, Parkhound, and I had to wear the CFO hat for that business. I found it extremely challenging to set up accounting software and keep my books in order. In addition, I had to pay an accountant a small fortune. I thought there had to be a better way. To validate the problem, my co-founder and I interviewed over 40 small businesses, and we then did a paid survey with 180 business owners across Australia. This highlighted to us the extent of the problem, and that’s when we decided to pursue Thriday.
There is a difference between knowing the path and walking the path.
Get comfortable with failure, that’s the only way you can make your business a success.
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