Reflections to take into account if you are embarking on a startup journey?
Some reflections to take into account if you are embarking on a startup journey!
Wait! Let us start with the most important aspect.
Did you conduct thorough research to come up with something more meaningful so that you don’t have to struggle to sell your products or services?
Why is the above point very much important?
Because by the time the start-ups are ready to capitalize on market demands, you shouldn’t be competing for a portion of the cake in a fiercely competitive market likely dominated by larger players with sufficient resources.
So before you start, make sure that you are equipped to launch (from all possible angles).
Launching should be ideally in tune with the changing external environment so that it is done in the most favorable condition possible.
Agree that the external environment is something that is not in our hands but at the same time a bit of vision coupled with proper planning and other suitable measures taken would guide the start-ups to reach the goal without getting hurt and thrown out.
Please bear in mind that a substantial surge in enhancing operations right from the word go would be a self-defeating measure unless you are well prepared for that.
So start by doing what is necessary, then move on to the possible, and eventually, you will be accomplishing the impossible!
Whatever the USPs were, they wouldn’t last long.
Over a while, the nature and type of the market would have changed, the requirement would have undergone some changes and even several other external forces would have changed forcing you to update and upgrade.
Try to gain control of favorable elements while planning how to best overcome uncertainties.
“Perseverance is the hard work you do after you’ve had enough of the hard work you’ve already done.”
How Can We Safeguard Start-ups from Failure?
Link for more reading:(One of the most read articles with over 10,000 views)
https://www.linkedin.com/pulse/where-do-make-mistakes-prakashan-b-v/
#startups #founders #cofounders #businessowners #techproducts #techsolutions #Wehelpu2grow
Video link: https://www.youtube.com/watch?v=2xaG4h5kZLw
Thank you for reading!
