4. Relationships
Having existing
relationships
with necessary customers, partners, hires,
investors, etc., can save a lot of time, reduce costs, and reduce risk. Without
existing relationships the team will have to form them, which takes time, and
there is risk in being able to form them at all.
For example, if you don’t know how to code and you’ll need a technical co-
founder for the business, but you don’t know any, that’s one more roadblock to
getting your business off the ground. This doesn’t mean you shouldn’t pursue
the opportunity; it’s just important to consider how many roadblocks you’re
going to have before you go down the path.
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