As a consumer, competition is usually great – it spurs innovation and leads to more efficient pricing. In this post, however, I am going to focus on competition in life, and why it can actually be sub-optimal.
There are a whole load of reasons why people might want to start a start-up. It is important to know what reason yours is, because some of these reasons only make sense in certain contexts, and some of them will actually lead you astray.
In Chapter 1, I discussed some of the early beginnings of how I had tried to plan my life and my career. I had just secured a good job but was struggling to keep pushing myself, and life as an engineer in the oil & gas industry was rapidly becoming increasingly unappealing. But there was light at the end of the tunnel – I was switching jobs within the company (in order to develop project management skills to complement the technical knowledge I had learned) so I was optimistic that things would get better.
Since entering the entrepreneurship ecosystem in London, I have been fortunate enough to meet some incredible founders and hear inspiring stories. What you quickly realise, however, is that every business has a different story and that there is no “one formula for success”. Furthermore, a lot of the reasons why some of these businesses became successful were actually out of the hands of the founders. Continue reading
When it comes to most things in general, I have always thought of myself as a planner. I like to have a clear view of where I am going and the journey that I need to take to get there. This had largely been reflected in my life up until around one year ago. Continue reading