Running a startup is a pretty overwhelming job, you start from scratch and then work your way up, in such a tedious process one is bound to make some errors.
It would have been great if every startup came with its own user manual. You would know what to do, how to avoid a sticky situation, how to get out of financial roadblocks and most importantly how to avoid all of these altogether.
But if you have been in the industry for some time, you would know, they don’t. What a bummer right?
But what if we gave you one?
Someone once said a wise man learns from the mistakes of others.
We at Startuphives after witnessing probably shat one might call a tone of business ideas and new startups taking baby steps to success have figured a few mistakes that every new founder should avoid.
So fasten your seatbelts, and let’s take you down this bumpy road.
Solving a problem that you are not invested in.
All startups are some of the other kind of solution to a problem.
People fret about having to go out to buy goods, Jeff Bezos built Amazon.
However, if you target a problem that you yourself don’t care much about, there is a high chance you will not like your end product. Once that happens it is inevitable that at some point you and your team would lack the motivation to work further towards the same goal.
So do not choose a problem because it appears to be “cool” but because you want to work towards solving it.
Choosing a co-founder you do not bond well with.
As we pointed earlier startups can be a handful. They are like an emotional roller coaster, just that this ride is very expensive. In such times you want a person that can understand and bear the brunt of it with you. If you do not bond well with the person you might end up in arguments and fights often owing to the high-pressure environment you are already in.
Not having transparent conversations:
If you avoid telling your core team the things that they lack in, thinking that you might hurt these feelings, this one is for you.
In a quest to preserve your colleague’s feelings, you might end up hurting your startup.
All ways have utmost reabsoerency and honestly when it comes to roles, goals and performances of your core team.
Avoiding a Launch
If all startup terms were in a high school, the term “launching” would be that football jock that even though everybody thinks is very cool but somehow is scared of having a conversation with.
Launching a new startup can be intimidating. A lot of new founders think that once they would launch, they would be on news and blogs and so on, thus getting scared and not launching at all.
But here is the thing, do you remember the day Instagram or snap chat was launched? No.
Launching is the first step if a startup journey and it’s always good to cross this threshold as soon as you can.
Launching is far more important for you than your users. A startup’s claim to fame is not it’s grand launch but it’s satisfied users.
Not using analytics
If you do not keep a track of what your consumer is liking, What feedback they are giving how are you going to improve your product?
Startups or a process of constant evolution, you have to keep working towards improving your product unless you want someone to get your product.
Often times people prioritise sizzle over the stake. They tend to focus on the media coverage and publicity of the product than the product itself.
There is a term for such startups, “Cargo-cutting startups”
It’s like pretending to be a startup when you are not one at all.
For the very essence of a startup is to have a product, a product of any industry and then putting the product in the market
If instead of doing this you are worried about how much publicity your products get, we would like to give you a reality check:
You have wildly gone out of the track.
Finally, tgere are startups that might have made all these mistakes and still would have made it big, but what one must understand is that they are exceptions.
But your startup might not be as lucky so why take a chance.
Now that you are all aware of what mistakes to avoid, you can easily go ahead and put your work and ideas into your startup.
Still, have some doubts?
Or Want a consultation?
Feel free to hit us up.