Skip to main content
Portrait of Samad

Samad Raza

SFU Student
Communication, Art + Technology › Communication

RADIUS SFU Building in Vancouver
SFU Image Library
If you want to make great achievements in life, then you have to take the first step and the world will follow.

“If you really look closely, most overnight successes took a long time”

– Steve Jobs.

It is not wrong to think that one day you might get that amazing million-dollar idea that will make you rich. I myself have had many business ideas (mostly conceived while procrastinating), which I think are pretty amazing. But I realize that my great ideas never go anywhere because I, or someone else, thought they might not be possible.

To reverse that thinking, here are some simple questions to ask when you think you might have a great idea: Who can help make our ideas possible? What are the right questions to ask? Where can we start? How can I learn more?

So many people believe that having a good idea and lot of funding are the two main factors of success - or that they matter the most. During his Ted Talk Bill Gross, the co-founder of Pacific Investment Management Company, said that there are five elements that lead to success: Idea, Team, Business Model, Funding and Timing, with “Timing” being one of the most important factors to success of your new idea, product or service.  For example, if your idea is advanced and people are not ready for it, then it will be difficult for the public to accept. The second most important factor is “Team”, because a group of people with the right mindset can achieve more than one could imagine. Third comes the “Idea”. Of course having a good idea can help you get funding, but it does not promise any success. Fourth, we have “Business Model”, an important factor because it helps a company understand its value and provide them with a plan. And last we have “Funding”, because in order to own a successful startup you will surely need some money.

Now you know the five factors of success, but you might still be asking: how will I know if my idea is any good? If the timing is right? How can I raise funds?

Well I have good news for you, because SFU has more to offer than you know. If you only have an idea and don’t know your next step, you can enroll in a program at SFU called Coast Capital Savings Venture Connection. They help startups by providing entrepreneurship training, mentorship, and help students find resources so their initial idea can grow. If you have already gathered a team and are processing your idea, VentureLabs is for you. This program will help you grow your business and structure your business models. If you are having trouble finding your market and your start up is suffering from social problems, then fear not because RADIUS can come to your aid. RADIUS helps you to understand problems, and to design, test and launch interventions. You must be thinking, “Ohh cool so many mentorship programs, but where can I actually build my prototype?” We even have a solution for that: 4D LABS. They offer state of the art equipment for prototype development, material testing, and analysis. These ventures have helped platforms such as ArtsAllY, an online portal which helps community to meet their local artist, Addictive Ads, a mobile ad agency that delivers innovative performance-based advertising, and many other student-led businesses.

If you want to make great achievements in life, then you have to take the first step and the world will follow. By asking the right questions, you will find the answer you are looking for. Life is all about learning and implementing, and sometimes those implementations will not yield the expected result. When that happens, don’t let disappointment follow your path. Let it be another learning opportunity, and let it be another chance to stand again. 

About the Author

Portrait of Samad

Samad Raza

SFU Student
Communication, Art + Technology › Communication
Samad Raza is a third-year Communication student, a freelance graphic designer, and a Housechair for the SFU Residence Hall Association. Samad's interests include writing inspirational pieces so that he can motivate students to take leadership roles.
Jien Hilario photo
What’s in a Name? Coming to Terms With Labelling Myself as a Person With a Disability

If you were to see Jien on campus, you wouldn’t know that she had a disability. She does not use a wheelchair nor does she have a seeing eye dog. She has an invisible disability. In this article, Jien shares her journey on how she came to terms with labeling herself as a person with a disability. 

Injustice Anywhere is a Threat to Justice Everywhere
Why Doesn’t Canada Have a Disabilities Act?

It is 2018 and Canada has not yet implemented adequate protection and legislation for people with disabilities. When it comes to equality for all, Canada is falling far behind. In this article, Jien discusses the research and reality of why Canada needs a Disabilities Act.

We Can Do It!
How to Satisfy Your Inner Activist

When people think about social justice, they think of things like protests or hunger strikes, but the options don’t end there. These volunteer organizations can help you satisfy your inner activist.

You Might Like These... Co-op Reflections, Startup, Research

Mila writing on a white board
Mila Lukic: A Co-op Student's Success Story

Mila Lukic, who immigrated to Canada from Serbia with her family at age 16, convocated this June with a B.Sc. in molecular biology, biochemistry and business administration with First Class honours. During her time at SFU, she completed four Co-op work terms including an international placement in Scotland for the Encouraging Global Dynamic Entrepreneurs (EDGE) program. Learn more about her achievements and experiences here.

A man and a woman in a business suit are smiling while facing the front.
What’s an Entrepreneur?

In this blog article, David Lindskoog shares the messages about entrepreneurship that he got from a panel event, “Starting Your Own Business.” 

student in professional attire
4 Reasons Why You Should Work At A Start-up Company

Today, it is fairly difficult for students or new graduates to successfully find an internship, co-op or full-time position. However, start-up companies create a majority of employment in B.C., making them a perfect place for you to set your foot in the door in the industry you want to work in.

You Might Like These... Co-op Reflections

the author with her colleagues during work
Why Work At a Start-Up? My Co-op Term at Tradable Bits

After doing a co-op for a start-up, Margaret Leong shares 6 reasons why you should do it too! Read the article and find out why working at a start-up can be so rewarding. 

Chesa and coworkers surrounding a mascot fox
Berlin Start-Up Life

"All journeys have secret destinations of which the traveller is unaware". Chesa went all the way to Berlin for her co-op term. She's currently working at an ever-growing mobile app start-up and loving every minute. The experience has shown her what opportunities can be possible when you open yourself to the world.

image of laptop with social media screen open
How to Succeed as a Social Media Coordinator

Imagine you get paid to create multiple *twooshes* a day, curate funny gifs, browse Instagram, post awesome pictures and share on Facebook. Yes, being a Social Media Coordinator is very fun, but one must not neglect these four important points to be one.