Failing quick in business...

Is there a time limit before we say a start up is going to bite the
dust?


I had run a company earlier... during that time one of the
GUJJU (gujarat fellow told that 1000-days). I donno how far
it is true (because when i asked one more gujju he rejected
it).

He said we wait for a fellow to make some profit until 1000-days around
3-years if he still struggling...then that means he is very
positive about what he is doing...but only circumstances does
not support him. So other people in the same business give him
links (not money) for his business so that he can come up.


Is that really a good number? 1000-days for a start-up to make
profit?

I would say yes. It takes about a year to build something good.
and it takes another year (to complete whatever left over) to
make the markte feel that there is something coming from
this company. The company and awareness gets created.

If in the 3-rd year the product is not speaking then there
is something tremendously wrong.

i) product is not good.
ii) product is not accepted by market
iii) Product is way ahead of time
iv) did not value competitor and act
v) the basic business plan needed a revisit 1-year back.
vi) so on and so forth.

So if traditional failing is measured in 1000-days why people tell ... if you want to fail... then fail quick??

There is a famous quote in entreprenuer world is if at all you fail .... fail quick.
We will see why fail quick is important in the next post.