There are many businesses that start out filling a need for a specific type of customer. Sometimes this leads to the creation of a new industry or segment that was ignored or unserved by incumbents.
If the business does everything right, they will be the leader for that new category, segment or industry. The problem arises when that leader stops paying attention to what started it all: the customer.
Gapingvoid delivered this question in their daily newsletter, and I believe how leaders answer this question determines how they view their company now and tomorrow.
Having been part of a handful of startups and running a few of my own, I can tell you it’s not for everyone. Most startups fail, for many reasons, and when they do succeed it’s mostly determined by one factor: timing.
I recently had a chat with a group of entrepreneurs and one question I got asked was about differentiating persistence and stubbornness. This is an important question, here I share my response…
Innovation is messy, it just doesn’t happen in a straight line. The entrepreneurs, innovators, anybody who achieves great outcomes, have many traits in common which help them push through the ups and downs: stubbornness and persistence.
Tech startups are like the lottery – you see the big winners in the news, but nothing about the millions of the not so lucky. Well, actually you might read about the biggest tech startup failures and this article intends to prevent you from this fate.
In this article, we’re going to highlight some common tech startup mistakes and how to avoid them.
We’ve all, of course, read about the spectacular success of startups. It’s impossible to escape the amazing tales of people starting with an idea in a garage (think Apple) and growing it into a billion-dollar global business. But a startup isn’t as easy as those well-known stories might have you think. There’s a little bit of luck and a whole lot of other influences at play.
What doesn’t kill you makes you stronger. This is for all of you who feel miserable, are doubting yourself and feel like giving up. Please don’t. Entrepreneurship, doing anything that changes the games, is hard!
