Startups fail. It’s a given. A majority of entrepreneurs ignore some failures and are willing to continue at any cost. But there comes a time when you need to stop failing. There are various to-do lists for entrepreneurs who are willing to start a new business. But entrepreneurs fail to consider the “Don’ts” when running a startup.
Entrepreneurs are often overconfident about their business or product. It is good to be confident about your company and your business plan, but if you are overconfident, you may neglect the possible outcomes. This may result in:
Many startups fail as entrepreneurs do not plan for long-term. They say if you fail to plan, you plan to fail. Shortsightedness may hinder company’s growth through: