Risks of Starting a Startup in Pakistan

Those who want to start a startup in Pakistan, this article is not to discourage you, it is to warn the people about the risks and challenges that they might encounter and they should be prepared for them.

Must read: 8 emerging startups in Pakistan 2017

Are you ready to risk starting a startup with no mental grooming?

The education system in Pakistan groom young children, how to become the best employee. They are never taught, how to become the best employer. So you don’t know what it is to be an employer, with no mental grooming, are you ready to risk starting a startup?

Are you ready to risk all your savings?

Are you ready to risk all your savings with zero expectations in return? In general, you can never be sure if your idea is worth the risk. In Pakistan especially people are really unpredictable. They can surprise you by not liking a brilliant concept and surprise you even more by supporting an idea you might find mediocre. So are you ready for the risk?

Are you ready to risk your idea with no corporate/government support?

Startups concept has started in Pakistan, it is not an established platform for businesses in Pakistan? You might find people or organizations who support your idea, but you can never rely on the word ‘might’. If you are starting a startup in Pakistan, keep it in your mind that you are on your own.

Are you ready to risk starting a startup with no prior knowledge?

If you have experience of starting a startup in Pakistan, good enough but if you don’t have any experience or prior knowledge are you ready for the risk? Also, an entrepreneur should not just have knowledge about his field he should also know pros and cons of starting a startup in Pakistan.

Are you ready to handle pressure?

People will criticize you, laugh at your idea, call you absurd, make fun of you and remember they will be those closest to you. In Pakistan, especially everybody will interfere and impose their opinion on you. So are you ready to handle all the pressure and criticism?