There is no silver bullet for starting a successful company. People who seem to have everything right on paper often end up giving up on their startup dreams. Conversely, there are those special few who, by a combination of luck and talent, end up creating some of the most successful companies in the world.
Despite the lack of a perfect recipe, there are a few crucial ingredients to the startup stew. First, every startup company needs an idea – something that has never been done before, or never done the right way. The right idea is the foundation for every business that has ever succeeded.
But a good idea doesn’t mean a single thing if it just remains an idea. It must be cultivated by people with the perfect mix of passion and drive. It isn’t enough to simply believe in your game changing idea. You need to have the drive to make it happen. To do the hard thing and get it done – that is what sends ripples through the market.
Thirdly, your idea must meet a need. Mind reading cell phones may be the most groundbreaking technology to date but if it doesn’t create real solutions for real people, it will not have a lasting impact. On the other hand, if intricately hand crafted dog biscuits fill a gap left in the market they can seize the success that evades so many others.
RigUp was founded on the basic idea that the oil and gas industry has room for evolution. Taking existing technology and providing a place for E&P’s to find service companies in a simple convenient way is the idea that fuels us. Beyond that, we are driven and hard-working. I am impressed every day at the dedication that all of my co-workers have to building a company that solves real problems.
And that is what we are all about.