There are many variables that are instrumental to the failure of a startup. Having a failed startup myself, I studied and analyzed my thoughts and actions during this period to see what I did wrong; and what I could have done to improve the process of beginning and maintaining my startup. I wish I would have been more knowledgeable or had a mentor to coach me through some of the surprises and feelings I encountered but, sometimes the process of learning is a lonely and difficult one, and one that you’ll never forget. So, I would like to share some of the insights that I’ve gathered from my journey and hopefully, you won’t make the same mistakes I made.

My first mistake

I was 22 years old and not thinking large in terms of starting a full scale business. I always knew I wanted to be an entrepreneur, but lacked the knowledge of starting, running or even owning a business. One thing was certain though, I wanted to be a free man. We all want that freedom; freedom of money to buy what we want, freedom of time to go to the gym, spend more time with our families, kids, friends, travel, etc. Although all achievable, freedom doesn’t come easy; it’s something that you have to work hard to attain.