There is no prescriptive recipe that anyone can follow to build a successful company. But we can avoid some things to become successful entrepreneurs.
In this article, we will discuss the 7 Horrible mistakes you are making with entrepreneurs. Let’s begin
1. Your product does not have a market
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Identify a market need before creating a solution. Building a product and then looking for a target customer is a recipe for disaster and zero revenue.
2. Your resources ran dry
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Time and money are not infinite resources. Use them efficiently and wisely.
3. You are not working with the right people
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Hiring brilliant people won’t get you anywhere if they can’t work well together build a team with complementary skills and prospectives.
4. You are outmatched
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Don’t obsess over competitors but don’t ignore them either even if your product is superior a flawed user experience and sluggish time to market can kill your startup.
5. Your pricing model is flawed
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Are you priced too high or too long? Find a sweet spot by learning why customers churn. They say the product does not justify it’s cost or complain about usability.
6. You are not user friendly
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Just because you think it’s a great idea does not mean customers will love it listen to what customers tell you, won’t assume anything.
7. Your marketing efforts fall flat
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A great product is meaningless if nobody knows about it know your customer’s pain points and how to capture and keep their attention.
I hope this is helpful for you , Thank you
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- I am not what has happened to me, I am what I choose to become. I create my own sunshine. Learning something new is an adventure for me. I like to explore new things. Because failure or success doesn’t define me. My attempt does.
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