How do you size up opportunity cost when deciding to start a startup?

Submit Your Tip

I agree with the spirit of the two other current answers ("just take a leap of faith" and "if you don't know you're not excited enough.") You'll never have all the answers and if you're not excited you probably shouldn't do something drastic. But they don't tell the whole story for what is actually a tricky and multifaceted question at the beginning of every startup founder's journey.

Tip 1 - Follow Your Gut and do lots of homework.

Published: 10 years, 8 month(s) ago | Submitted by michellevette | permalink

I am not business expert but like any idea, goal, or dream you must be able to size up the pros and cons. The workload involved is quite heavy as you must conduct a market analysis, and explore all the strengths, weaknesses, opportunities, and possible threats.