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Why & How You Shouldn't Start A Startup!

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This presentation was not to discourage a to-bo Entrepreneur, I was showing why generally a Startup fails, and how you could avoid those. I have share top reasons why Startup fails in Bangladesh, Top reason why it gets success, and what are reasons you should not start. This was presented in Chittagram, in May 3rd, 2019 at Uddogta Uthshob (its in Bangla word, English will be Entrepreneur Ceremony).

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Why & How You Shouldn't Start A Startup!

  1. 1. M Asif Rahman Why & How You Shouldn't Start A Startup! উদ্যোক্তো উৎসব, চট্টগ্রোম
  2. 2. ❖ WordPress Enthusiast ❖ Angel Investor ❖ Serial Entrepreneur M Asif Rahman
  3. 3. My Companies
  4. 4. My Investments
  5. 5. 15 Years With WordPress
  6. 6. I Retired Last Year, At Age 34!
  7. 7. Retiring Young From Bangladesh, Thanks To WordPress
  8. 8. I’m Actively Investing in Bangladeshi Startups Since 2012
  9. 9. Here are the things I have learned!
  10. 10. Top 5 Reasons Why Startups Succeed in Bangladesh
  11. 11. 1. People & Their Passions!
  12. 12. 2. Talented & Young Individuals
  13. 13. 3. Remarkable Mentors & Angels With Real Experience
  14. 14. 4. Timely Investment & Good Cash Flow!
  15. 15. 5. Most Importantly Vibrant & Ready-to-explore Nation
  16. 16. Top 8 Reasons Why Startups Fail In Bangladesh!
  17. 17. 1. Startup Fails Because of People!
  18. 18. 2. Lack of Proper Education
  19. 19. 3. Not Properly Understanding The ‘Long Game’
  20. 20. 4. Keeping a second option, not willing to bet all on the Startup!
  21. 21. 5. Not Being Honest & Not Doing Accounting Properly!
  22. 22. 6. Unrealistic Expectation
  23. 23. 7. Lack of Local Institutional Investment
  24. 24. 8. Manipulative part of the ecosystem
  25. 25. Now Why & How You Should Not Start!
  26. 26. 1. You Want To Jump Start Your Career! You have a girlfriend & she will get married if you don’t earn enough!1 You have financial need that has to be solved ASAP!2 You want to prove yourself! 3 You believe you’re destined to become someone like Mark Zuckerberg or Elon Musk, why waste time! 4
  27. 27. 2. You Have Got The Best Idea In The World!
  28. 28. 3. You Are A Programmer, You Believe You Could Build Anything!
  29. 29. 4. Someone Encouraged You By Saying “Money Is Not An Issue, He’ll Give You A Blank Check!
  30. 30. 5. You have 3 best friends, You’re together since school, So you feel you won’t fail together!
  31. 31. 6. You Have To Take Loan Just To Test Your Idea!
  32. 32. 7. The way you’re planning, You’ll need to raise money continuously, but you practically never did so!
  33. 33. 8. You Think You Will Manage Everything, But You Have Never Done Any of This Before!
  34. 34. 9. You Are Building 10 Features, But You Are Not Able To Earn From A Single Feature in 6 Months
  35. 35. 10. You Are Neither Rich, Not Very Well Connected, But Your Idea Will Need More Than 18-24 Months To Reach Breakeven!
  36. 36. Ask Me Anything
  37. 37. <Thank You> asif.im @Asif2BD My Autobiography(HeroPress): asif.im/hp

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