As an entrepreneur, I see the world a bit differently. Since I’ve never had a full-time job or received muchÂ training at my part-time work, I’ve always gone with my gut on how certain tasks should be approached.
While experience has its benefits, in my experience, inexperience can lead to innovation and out-of-the-box thinking. That’s how I approached my idea for Valuation App, a mobile app for financial analysis. I didn’t have the money or the marketing resources to get an app built and promoted, so I used crowdfunding as a means to finance it. Using just a deck, I raised money from 57 peopleÂ to crowdfund the app’s expenses.Â I requested $11 from each personÂ and raised close to $4,000. And it worked – the appÂ is nowÂ available on Android and iOS, and even led to my next venture.
I didn’t knowÂ how things traditionally worked, but that onlyÂ contributed to my spirit of adventure and willingness to tackleÂ situations according to my own inherent logic. I never thought:Â “but this isn’t how it’s done.â€ Instead, I approached every problem with a fresh perspective that allowed me to accomplish exactly what I set out to do.Â I was able to cultivate this mindset by doing the following:
- Not beingÂ too stuck on how the world traditionally functions;
- Approaching situations the way a child would – without pre-conceived notions;
- Considering all possibilities and discounting nothing.
Even better, this approach helped me earnÂ credibility as someone who could hustle, stay persistent and be innovative.
Sohin Shah is an angel investor and a mentor to startups who can be reached at www.sohinshah.com. In 2012, he successfully crowdfunded Valuation App with 57 backers and went on toÂ pioneer real estate crowdfunding.
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