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Going through this now after a few false starts.

Going through this now after a few false starts. I initially picked a problem that everyone's been complaining about forever --HR/Recruiting/Resumes. Seems riped for solving but... 1) Getting engagement is tough in any idea. Extra tough here b/c writing/submitting resumes is not an everyday thing and really a pain point! 2) I knew very few people in the Recruiting industry (see #1) which made getting spun up that much harder. 3) While I agree HR/Recruiting has lots of problems, I really wasn't passionate about the space. What this means is that during the down times, and you'll have plenty of those when you think to yourself if all this work is really worth it, you really need to draw deep. And if you can't convince yourself to keep moving forward, it eventually spirals from there. I'm now playing in the local space and much happier (even though getting engagement is still a b tch!) :-) I do have a question to the community 1) When is it time to "start the company"? (eg through IRS) 2) If you have an existing company entity (from another failed startup attempt) that didn't have a lot of entanglements, is it better to change the name of that company to your new startup (after passing #1 test) or better to shutdown and restart? Just trying to understand if there are any (longterm) downside to a simple rename.

Posted by rottyguy on Apr 7, 2015, 3:53 PM

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Going through this now after a few false starts.

rottyguyApr 7, 2015, 3:53 PM

Going through this now after a few false starts. I initially picked a problem that everyone's been complaining about forever --HR/Recruiting/Resumes. Seems riped for solving but... 1) Getting engagement is tough in any idea. Extra tough here b/c writing/submitting resumes is not an everyday thing and really a pain point! 2) I knew very few people in the Recruiting industry (see #1) which made getting spun up that much harder. 3) While I agree HR/Recruiting has lots of problems, I really wasn't passionate about the space. What this means is that during the down times, and you'll have plenty of those when you think to yourself if all this work is really worth it, you really need to draw deep. And if you can't convince yourself to keep moving forward, it eventually spirals from there. I'm now playing in the local space and much happier (even though getting engagement is still a b tch!) :-) I do have a question to the community 1) When is it time to "start the company"? (eg through IRS) 2) If you have an existing company entity (from another failed startup attempt) that didn't have a lot of entanglements, is it better to change the name of that company to your new startup (after passing #1 test) or better to shutdown and restart? Just trying to understand if there are any (longterm) downside to a simple rename.

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