12 Startup Mistakes in Proverbs and Sayings

[jisansorkar12]

Folk proverbs and sayings competently regulate all spheres of life. But people have begun to rely more on the sweet-talking advice of gurus and coaches than on the crystallized wisdom of great-grandfathers. But proverbs clearly explain what startup founders and their investors should do to avoid going broke. We have collected a dozen mistakes of both that appear when ignoring life hacks from the plough. This article will be useful to everyone who is making a startup (or is just planning to) and investing as a business angel.

Mistake 1. Cutting without measuring
This is a common misconception among beginning startuppers. Fantastic ideas vietnam whatsapp list approved by the immediate environment are often not needed by the market. Perhaps the result of your work will be used sometimes for free, but for money and regularly - it is unlikely.

Take the excitement down a notch and start talking to potential customers. This is customer experience — work that will help you understand what they really need. Perhaps your train of thought is correct, but you haven’t quite gotten to the bottom of the users’ real problem. Or you’ve gone too deep, complicating the solution.

Here it is important not to be afraid that your idea will be stolen. But no matter how much experienced startuppers, investors and mentors say about it, novice entrepreneurs will still keep “their charm” in order to face the harsh truth of the market in the future: no one needs it.

Mistake 2. They measure but don’t cut
12 Startup Mistakes in Proverbs and Sayings 1

People who fall into this trap are in no hurry to bring their product to market: after all, it is still so far from perfect. Only when they make the ideal version will they begin to carefully test and sell it. But the MVP (minimum viable product) concept, which any startup should be based on, says the opposite. Make a minimum viable product and offer it to users. The market will show whether you are moving in the right direction at all. If so, clarify what your solution lacks and what it should have so that people are willing to pay for it.

With feedback from real customers, you will come to the ideal product much faster. And while you are selling alpha and beta versions, you will earn at least enough to pay your employees. Don't be afraid of criticism. Set hypotheses, test them quickly and economically, and adjust the movement on the go.

Mistake 3. Trying to catch fish without effort
Although the image of a startup founder in the media is no longer so romanticized, there are still naive citizens. They believe that a startup is a carefree stroll, where you need to quickly find investments. This is not true. If at your hired job you are used to working from 9 to 18 - with the required weekends, sick leave and vacation (and, perhaps, you manage to call it "galley"), then in a startup you will have to work harder. Firstly, because you will constantly learn new things and work as a product manager, marketer, "salesperson", accountant and designer. And this is only until lunch. Secondly, because now it is not enough for you to just work well - you also need to overtake competitors by offering clients something better.

A startup entrepreneur has more ambitious goals than a simple entrepreneur. The latter also needs to sell, but without the need for rapid global scaling. The business model of a simple entrepreneur is most likely simple, and growth is predictable. In a startup, much is unknown, and the road is literally felt in the dark.