The “One Size Fits All” Myth
When it comes to first time investments, there’s a lot of information out there. More importantly, everyone has their own ideas and advice on how to get started as an investor. The problem is, a lot of times these ideas and advice are conflicting. As a new investor entering into an unfamiliar field, it can be confusing and overwhelming when figuring out where to begin with all of this conflicting information.
The truth is:
There’s no right way and there’s no wrong way to do it. There is no “one size fits all” for investing.
Different approaches work for different people and what it really comes down to is finding the best approach that works for you.
However, the one thing that nearly all investors can agree on is, it all comes down to the teams.
There’s no bad idea at the beginning but there’s a lot of bad execution. The team you are investing in can make or break the execution.
A lot of times with early stages, people get too attached to a single idea and are less willing to evolve. Find a team that is willing and flexible enough to evolve with the idea and with the company. Be open to evolution and testing new ideas and make sure that team is just as open as you are. Otherwise you risk having that good idea fail because of poor execution.