The business culture of the world is changing – dynamically. Every day, we hear about success stories of start-ups but at the same time, we also hear about start-ups that fail every single day. With a culture that is more forgiving and with more resources ever offered, we often wonder how one can fail at a start-up?
Here’s our take on the top ten startup mistakes that every entrepreneur must watch out for:
Here are a few of our thoughts.
Building something nobody wants.
Entrepreneurs have great ideas. This is why they are proponents of today’s thriving start- up culture. However, it is important to note that not every idea will be well received. The way to curb this is to do extensive research beyond one’s circle to ensure success with a product.
Most start- ups are indebted to friends and family who were there from the beginning. However, hiring them into a company may not be the best for you in the long run. In order for a company to run smoothly, it’s important to
Lack of focus.
It’s easy to get excited especially with a start-up that has a lot of promise, however, it’s important to stay close to the core at all times. Lacking focus will eventually derail your business, so it’s important to know which gold to focus on.