Startup mistakes that can become a problem

Many times there are reasons behind the failure of a new startup that the founder or co-founder does not understand. As a result, they wonder why this happened when everything was fine. Startup experts studied many such cases and explained its effect. Know how the problem arose and how its effect was seen.

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It will run 100 percent

The first thought of the founder or co-founders regarding new startups is that it will run 100 percent, but this does not happen because their idea comes from their personal experience. People do not like this kind of idea. Investors do not like to invest in it. As a result, it reaches the verge of closure. Before applying the idea, understand how much it fits according to the current need. Take the opinion of at least 100 users. You can conduct surveys on Quora and Reddit. You can conduct personal opinion or LinkedIn survey.

Wrong co-founder or going it alone

Running the startup alone or not choosing the right co-founder can also prove to be a wrong decision. This happens when the founder focuses more on trust than capability. Or there is a fear of losing control. Disputes arise among the founding team and the situation worsens. On the other hand, if a person starts it on his own, then the conflict increases manifold. Facing most of the things alone can worsen the situation. When there is a good co-founder, the responsibilities are divided. Better results are seen. Therefore, be careful while choosing a co-founder.

Maximum features

It is important to have features in any product because as soon as it comes to the market, it is compared with other products. Keep in mind that in the process of making the product better, it is not getting delayed in reaching the customers. Usually, founders try to make the product better so that they can attract investors. As a result, this effort delays the launch of the product. The cost also increases. Time is wasted. To avoid such mistakes, decide how many features to give in the product.

Underestimating the team

Experts say that even though the idea of ​​a startup is of one person, the entire team plays an important role in making it successful. Many such cases are seen when the top management takes the credit for the entire success. Avoid doing this. In such situations, a toxic culture is created in the company. An inferiority complex develops among the employees. Pressure is created among the employees and instead of giving their 100 percent, they just start doing the job. These situations take the company backwards instead of taking it forward. Practice transparency in job recruitment.

Also remember this

Avoid discrimination regarding the team. Choose such people for the team who have a positive thinking. Do not adopt a negative attitude towards everything. If you keep these things in mind while recruiting employees, you will be able to prepare a better team.