Fearlessness and starting a business

Fearlessness is a key trait for business founders in any industry. It’s a quality that shouldn’t be overlooked.

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“Just do it!” Almost every startup founder I interviewed for The Australian’s series on expat entrepreneurs had the same advice for budding entrepreneurs wanting to go global – don’t wait, just do it.

Peter Grant of Brisbane founded Safesite did though inject a slightly different view when he pointed out that it may not make sense for a company with a good domestic business to make the move, “If it’s going to be too complex or you already have a profitable business in Australia you may not need to come to the US, you have to be realistic about it. It might make sense to find a local partner.”

In Peter’s case though that move made sense. “We have a year on our competitors,” he notes.

Not being scared of making the move was part of a discussion I had with TechnologyOne founder Adrian DiMarco today, I’d previously interviewed Adrian for Business Spectator a few years back and it was good to hear his views on the current startup mania and the Australian innovation push.

One of the points DiMarco made was about not being scared when launching a venture, whether it’s the competition, the marketplace or the overall daunting task of running a business, being fearless is a key attribute to making the first steps, not just success.

That fearlessness is something that should be acknowledged about business founders, whether it’s a tech startup, dog walking service or donut franchise. Every single proprietor is taking a great leap.

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Author: Paul Wallbank

Paul Wallbank is a speaker and writer charting how technology is changing society and business. Paul has four regular technology advice radio programs on ABC, a weekly column on the smartcompany.com.au website and has published seven books.

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