Don't want to start a business failure? Then don't do these 16 things!

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Are you starting a business? If so, please understand the following statistics: 2004-2010, 2000 VC investment start-up companies, 75% finally to the fate of failure.

There are many reasons for the failure of the venture, perhaps because of product problems, or the lack of team running-in. Let's listen to the 16 entrepreneurs who have summed up 16 things that entrepreneurs should never do.

Compiling: Jensen

How do you avoid making mistakes that lead to failure? Mashable author Lauren Drell collected opinions from founders, CEOs and investors of startups, sorting out the most likely mistakes of the 16 start-ups. Entrepreneurs are constantly examining whether they have made these mistakes and learning from the mistakes of their predecessors is the key to avoiding failure. Take a look at these 16 key points:

1. Don't complicate things.

Developing a product is like packing your baggage, putting everything you feel you need into a suitcase, and then taking away half of it.

Founder of-jonathan Wegener,timehop and Exitstrategy

2. Wait until the everlasting decision to release products

Don't underestimate the importance of minimizing usability designs (Minimum viable design). The initial appearance of the product may be a bit ugly, but that does not matter, as long as the product can enter the market as soon as possible to understand the customer's view of your products.

But do not rush to launch products, and ignore the basic threshold to make products look good. The product that my first company developed was liked by users at that time, but because of the poor design and visual performance, users are unwilling to share our products. When we released the Muse, after a lesson, 25% of users, through social media, shared the Muse to their friends.

-kathryn Minshew, founder and CEO of the Muse

3. Unwilling to recruit talent

Some new ventures may think it's expensive to hire someone with accounting, finance or other expertise, but don't be afraid to invest in administrative resources early in the company.

If there is no one to deal with these things, it will be "you" to deal with, and eventually you will spend the time is not the company's most important business development.

-matt Salzberg,blue Apron founder and CEO

4. Dead Brains, inflexible

It's not bad that many startups set a clear end goal early on and how to do it, but that's not a good thing for startups to do earlier;

-jeff Jackel,buzzmob CEO

5. Product concept is a secret

There are a lot of new team to protect their product concept of the dead, all think that the idea is only their own, is a treasure, if people know, will be robbed.

In fact, first of all, you must have thought about it. Second, there is an idea that does not mean to be a product, to turn it into a product, to execute is the real beginning. Finally, you will need the help and guidance of experienced people, so be happy to share your thoughts.

-jeff Jackel,buzzmob CEO

6. Lack of focus

I think a lot of new teams are having a hard time concentrating on this, because there's so much going on at the same moment, you have countless decisions to make and you have to keep going fast.

It's hard to focus on your products, target customers, and strategies from day one, but you have to learn to adapt and remember what you want.

-alexa von Tobel,learnvest founder and CEO

7. Think that the product can be easily found and shared

Many founders feel that as long as I develop a product, the user will rely on his own. But I want to tell you that if you don't sell your products, users won't come.

To allow services and products to spread like a virus, start planning from early product design; Take the time to think about why people want to know and share your product and do it.

-jeremy Fisher,days and Wander CEO

8. Too focused on finding funding

It is not a good thing for many young entrepreneurs to find money as a standard of success, but to focus on building a viable, developmental and profitable business.

-brian Garrett,stylesaint and venture capitalist co-founder

9. Wrong approach to investors

The common mistake that startups make is to run after VC without a strategy, which is definitely not a good way!

Instead of emailing or LinkedIn VC, you should get to know the investors through the founders who have already invested. The recognition and recommendation of the newly-created companies are of great reference value to the investors.

-sam Teller Launchpad LA general Manager

10. Excessive perfectionism

Many founders of new ventures have sought to be perfect in each decision, but this will slow the pace of the company's progress.

My co-founder and I have made this mistake, sometimes just by making a phone call, making a decision, and then getting things done quickly.

-matt Salzberg,blue Apron founder and CEO

11. Being unable to focus on the opinions and responses of others

There will be a large group of people who are constantly sharing their opinions about your company or product, and then you will want to quickly adjust the company or product to the feedback.

But keep in mind that those responses, opinions are based on the knowledge and experience of those people, and your job is to receive these messages, and then add your own perspective in order to make adjustments to the company's recommendations.

-allison Beal,stylesaint co-founder and CEO

12. Found the wrong co-founder

In the early days, you can find the right co-founder, investor, and colleague, and the ideal partner is to be able to complement you or have a major you don't have, but the most important thing is whether you can share the same values. Like how much risk you are willing to share, and whether you can agree to a moral judgment?

-kathryn Minshew,the Muse founder and CEO

13. To please everyone

The biggest mistake I've made in the early days is to turn every non user into a die-hard fan, trying to convince everyone who disagrees with our greatist. But I soon learned that it makes sense to look for investors who have already affirmed your product and to think about how to make them our biggest champions.

-derek Flanzraich,greatist founder and CEO

14. Do not listen to the user's voice

In the early years, the company was addicted to the idea of their products, and it was difficult to accept the negative voice of the market. If your product is not accepted by the market, you will not be able to really own a company or have a company that keeps you in a state of constant struggle.

-nicole Glaros,techstars General Manager

15. Make a hasty decision

Don't decide who you want to accept until you've finished interviewing 10 people for the same job, stay objective, and don't indulge in something.

Get to know him well before you decide to bring the potential co-founder into the team. I've seen too many examples of companies falling apart because of problems with the founders.

-jay Levy,zelkova Ventures and uproot Wines co-founder

16. Do not maintain relations

Always interact with people who can give you guidance or benefit from the development of your company, set up your calendar, and execute it, whether it's short to weekly or long to quarterly.

Every time you come up with the idea of wanting to cancel these meetings, please think of the cancellation result is to send a letter written in the letter "since the last meeting with you, has been a long time ..." This gives you a headache email, and then re-establish the relationship of the process!

-ally Downey,weespring co-founder

Source: Techorange