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31 Quotes on How to Launch a Startup

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Startup culture has captured our collective imaginations, and today there are more people dabbling in entrepreneurship than ever before.

The fast pace, the pivots, and the setbacks involved in a new venture all make for an exciting day-to-day where anything can happen. And at the end of the road, with a little luck and some hard work, there is even potential to make a significant return on investment: a take-out offer, or an IPO can be a life changing event for one’s career and financial security.

But the startup life is also grueling and unforgiving. To achieve success, an entrepreneur needs have an incredible amount of perseverance and resolve – the fact is that there is no shortage of obstacles that can threaten to instantly bankrupt or disempower any new venture.

How to Launch a Startup, in Quotes

Today’s infographic from Wrike serves as a guide to help those aspiring entrepreneurs that aim to go down this challenging but potentially rewarding path.

See all 31 quotes on how to launch a startup, from notable founders and financiers, in the infographic below:

31 Quotes on How to Launch a Startup

The experts make clear that to launch a startup requires deep thought and action in the following areas:

Courage and Confidence
Taking a chance can be scary, but don’t be afraid to take the leap of faith on a good idea.

Solve a Problem
Don’t start a company just to be an entrepreneur – but instead solve a real problem. If your product helps to improve other people’s lives, you will always have a market.

Build Your Product
Anyone can come up with an idea to launch a startup, but when it comes to building a product it is all about the execution. The aptitude for translating a mere concept to a physical reality is paramount. Put more succinctly, as Michael Dell says: “Ideas are a commodity. Execution of them is not.”

The Customer is Right
Henry Ford and Steve Jobs have shown us that the average customer cannot always envision the future, whether it is the automobile or the iPhone. However, once you have a product solidified, testing it with customers will give you a wealth of feedback that could change the entire course of product development. Be responsive to this feedback.

Iterate
Make sure everything that can be measured is properly tracked. Update your approach based on this data until it’s clear that the product is a winner.

The Merits of Bootstrapping
Bootstrapping is often underrated. Smart bootstrapping allows you to address big problems without the distractions or opinions of investors.

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Charted: The Jobs Most Impacted by AI

We visualized the results of an analysis by the World Economic Forum, which uncovered the jobs most impacted by AI.

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Charted: The Jobs Most Impacted by AI

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Large language models (LLMs) and other generative AI tools haven’t been around for very long, but they’re expected to have far-reaching impacts on the way people do their jobs. With this in mind, researchers have already begun studying the potential impacts of this transformative technology.

In this graphic, we’ve visualized the results of a World Economic Forum report, which estimated how different job departments will be exposed to AI disruption.

Data and Methodology

To identify the job departments most impacted by AI, researchers assessed over 19,000 occupational tasks (e.g. reading documents) to determine if they relied on language. If a task was deemed language-based, it was then determined how much human involvement was needed to complete that task.

With this analysis, researchers were then able to estimate how AI would impact different occupational groups.

DepartmentLarge impact (%)Small impact (%)No impact (%)
IT73261
Finance70219
Customer Sales671617
Operations651817
HR57412
Marketing56413
Legal46504
Supply Chain431839

In our graphic, large impact refers to tasks that will be fully automated or significantly altered by AI technologies. Small impact refers to tasks that have a lesser potential for disruption.

Where AI will make the biggest impact

Jobs in information technology (IT) and finance have the highest share of tasks expected to be largely impacted by AI.

Within IT, tasks that are expected to be automated include software quality assurance and customer support. On the finance side, researchers believe that AI could be significantly useful for bookkeeping, accounting, and auditing.

Still interested in AI? Check out this graphic which ranked the most commonly used AI tools in 2023.

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