7 Mistakes made by startups

Don't be a victim of the mistakes of these common entrepreneurs, you'd better avoid a similar outcome that causes startups to die out quickly. Let's talk about why you started a company, it's time for me to show you the truth.

Starting a company will be the hardest part of everything you've ever done. Because you are in confrontation with the whole world, and the last is usually the world to win you, the fact that more than 65% of businesses are often facing the end of failure.

So what kind of mistakes will you make and cause your career to collapse? Here are seven things I've summed up about the http://www.aliyun.com/zixun/aggregation/18190.html of startups > Reasons for failure.

1. Wrong market positioning

This is an important point from Marcus Luttrell's book, "The Lone Survivor", which tells us about the "red-wing action" of special forces in the United States, telling people how to grasp the opportunity accurately. Marcus quotes his adventurous entrepreneur father as saying: "I would rather hit a tree stump for ambition than to have nothing in one basket." ”

Success requires foresight. Some of the most successful people always choose a huge market with enough space to play. Because choosing a good market can make up for a lot of mistakes, choosing the wrong market will turn your career into a wheel game with a bullet in every barrel of the runner.

2. Wrong collaborators

The quickest way to ruin a friendship is to start a business with him. Even if you are friends, it does not mean that you can cooperate happily.

It's like marriage, where disagreements attract each other. Don't start a business with someone who always agrees with you. Looking for such a person is the most suitable, his advantage is your shortcoming, his weakness is your strength. Although the two sides of the opposition but can be more comprehensive summary and overcome difficulties, and finally trust each other.

3, has been waiting

Business schools have courses that refer to the concept of "product-market Best Match" (I've heard that some friends spend a couple of years working on a course that is not advisable). In fact, we call it the creation of a product or the creation of a paid service that is easier to understand.

The only way to find out if your product has a market is to bring your product to your door and ask people to buy it or use it immediately. There is a huge difference in what happens when you think about what is likely to happen in your planning phase and what you actually do when you sell your product or service in the marketplace. So start the business as early as possible, and then get feedback, repeated consideration can only be repeated forever.

4, cost too much

Most entrepreneurs fail for just one simple reason: they are not good at business. You know, your job as a founder is to make sure your company is on track before it's financially depleted.

I assure you that the easiest way to spend money is to quickly increase the cost.

Entrepreneurs like to brag before the business model is well adjusted. The right thing to do is to spend as little money as possible and try to find the business model that best suits you. If you're selling a product, don't change salespeople unless your salesperson asks for a twice-fold salary increase. It's not too impulsive to do business unless you think people will come to buy your product.

5. Hire an unsatisfactory employee

If your business model is a horse race, then the employee is your jockey. The difference between a winner and a loser is usually not the horse, but the man who rides it. A good person gives you the first, whereas only an unsatisfactory result.

One of the common mistakes that entrepreneurs make is to keep filling vacancies to keep them on the job they think is more important. Let me tell you a little secret that all successful entrepreneurs know. Hiring employees is not just a task in your to-do list, it's the lifeblood of your company. Don't forget, this is your company. So take it seriously.

6. Don't fry the wrong person.

All first-time entrepreneurs and managers have hired unsatisfactory employees. Not just them, but also some senior entrepreneurs. I have also hired bad employees many times, and it still happens regularly. Both sides traded with the best intentions, but failed for a variety of reasons.

What happens next is a big deal. Will you allow unsuitable employees to make your company decay, bring down other employees, and affect morale and create countless problems? Would you just fire them and wave goodbye?

7. Ignore Your Heart

In making critical decisions, entrepreneurs who have been trained and listened to their hearts for a long time will have enormous social wealth.

Look at Mark Zuckerberg. The intuition tells him that students will enjoy the service that can be connected seamlessly with each other on campus. And every decision made by his product, from the Internet to the photo tag, comes from the inner decision.

Steve Jobs, Michael Dell, Warren Warren, Richard Branson. They all learned long ago to listen to their gut instincts.

If your gut tells you that a potential employer doesn't fit your morals and values, don't hire him. If your gut tells you that your product will no longer attract any customers, let alone a big deal, change the status quo and do something else. If your gut tells you that an investor will push you offline, don't take her money.

When was the last time someone told you that you shouldn't listen to your gut?

Via inc.com

Source: http://leiphone.com/start-up-7sins.html