Joel Spolsky of the always-excellent Joel On Software has a new article up on Inc. Magazine’s site. He interviews Jessica Livingston (founder of a group of Angel Investors) regarding why start-ups fail.
Paul Graham, Jessica’s husband and partner in Y Combinator, has tackled this subject on his website. “The biggest reason founders stop working on their start-ups is that they get demoralized,” he writes. “Some people seem to have unlimited self-generated morale. These almost always succeed. At the other extreme, there are people who seem to have no ability to do this; they need a boss to motivate them. In the middle there is a large band of people who have some, but not unlimited, ability to motivate themselves. These can succeed through careful morale management (and some luck).”
Of course it is easier to stay motivated when you don’t get bogged down in the often confusing process of setting up your company properly. Clients utilizing MyNewCompany.com’s Formation Services don’t have to worry about this. We take the hassle out of starting a company and give you the peace of mind of knowing that you have done everything correctly during the start-up process!