What Does It Take to Build a Company?

What Does It Take to Build a Company?

The world is full of people who want to get rich. At the same time, there are a lot fewer people who have actually achieved that goal. Perhaps for many on the outside looking in, it would seem logical that most of the world’s wealthiest people got rich because they set out with that goal in mind. However, the truth is that many of the world’s most successful and wealthiest individuals didn’t really have to get rich as their number one priority. Sure, many of them hoped to achieve great wealth, but that was not really the driving force of why they got started and why they became successful. In fact, many of the most successful business owners actually set out to solve a problem or create something to help people.

A Backward Approach

Startup companies are born every day, and while some go on to achieve huge success, most achieve only minimal results and many others completely fail. Why is it that so many startups never really get off the ground? Mark Zuckerberg, the founder, and CEO of Facebook, and one of the world’s wealthiest individuals shared some insight on this subject during a recent interview. “I always think that this is kind of a perverse thing about Silicon Valley in a way, which is that people decide often that they want to start a company before they even decide what they want to do, and that just feels really back to me.”

Solve a Problem

A lot of people want to start their own company, for a lot of different reasons, but starting a company just for the sake of starting a company often leads to failure. According to Mark, many of the most successful companies achieve greatness because they set out to make life better. “I always think that you should start with the problem that you’re trying to solve in the world and not start with deciding that you want to build a company.” He also said that the best companies are the ones “that are trying to drive some kind of social change even if it’s just local in one place more than starting out because you want to make a bunch of money or have a lot of people working for you or build some company in some way.”

Deliver Real Value

Building a company is not easy. It takes time, effort, hard work, and dedication. Mark said, “For anyone who’s had the experience of actually building a company, you know that you go through some really hard things along the way.” So what does it take to get through those hard times and achieve success? “I think part of what gets you through that is believing in what you’re doing and knowing that what you’re doing is really delivering a lot of value for people, and that’s, I think, how the best companies end up getting made.”

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Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

GROCO.com is a proud sponsor of The American Dreams Show.

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.