Skip to main content
Communication, Art + Technology › Communication
SFU Student

RADIUS SFU Building in Vancouver
Credit
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. 

SFU Student
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.
visibility  52
Nov 30, 2017

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-operative Education

woman holding a piece of paper with a laptop in front of her
Business Development & Sales World for Dummies (and Communication Students)

As a Communication major, I’m comfortable with hearing “the medium is the message”, getting lost in 15-page essays, and wondering why a picture of a pipe is in fact, not a pipe (shoutout CMNS 110). Throw me in a tech start-up in a (remote) business development position and well, I’m a touch out of my comfort zone. Keep reading to learn about my experience working in a business role as a Communication major. 

An man wearing a green jacket and white t-shirt  is smiling at the camera with trees in the background.
Patrick Pacunana: Taking Ownership and Flourishing in a Design Co-op Job

Interactive Arts & Technology student, Patrick Pacunana, describes the exciting projects he has been working on as a UX/UI designer at the Vancouver-based startup, Ensightful. 

Laptop on a desk with hands typing on the keys
The Art of the Start-Up: Wearing Many Hats

I came into it wanting to learn as much as I could. Somehow, I learned more than I thought I would, including about the changeable nature of start-ups. I’ll always be grateful for the flexible work environment that allowed me to gain experience in things I never dreamed of doing.