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Startup mistakes – (This site is one of them)
By admin | February 19, 2008
What are the biggest mistakes that startup businesses make? What are those stupid moves that lead them to destroy their chance of becoming a success? There are probably infinite reasons but here are some major ones you should look out for and try to avoid.
Interpersonal decisions – Don’t start your company in a hurry. Otherwise, every decision you make will be half-ass and on a hurry including hiring employees that you probably will not get a long with. Not doing proactive screening on the new hires can result into disaster as communication and getting along will be the most important thing between you and your team. So make sure the individuals you give work to are responsible and work well in a team oriented environment.
Get dedicated people – Startup companies deal with many negative things at it’s early stages. Many people will probably criticize your idea and won’t bother reading your business plan. It takes a strong team to look beyond all the negatives but some employees and even partners quit too early, so form a dedicated team who has positive mindsets. Otherwise, you’ll find yourself surrounded by bunch of whiners.
Organizational issues – This is a common problem for even established businesses. Setup an organizational chart and assign specific responsibility to the employees. You certainly don’t want people wondering around the office trying to figure out what they should be working on.
No models for success – You’ve probably heard this many times. So remember to take risks. The more risks you take, the closer you get to success. Success only is achieved by risk takers. You never hear a story of some fat ass sitting in his living room in the middle of the night writing a stupid blog and becoming wealthy from it. It takes much more than that…
Topics: Productivity | 1 Comment »
February 20th, 2008 at 2:51 pm
I think another common mistake is not taking advantage of the resources that are specifically geared toward startups. I know Sun Microsystems has a startup essentials program that gives startups big discounts — x64 servers, free tech support and a portal into the 2.0 community for fresh ideas. They’re definitely worth checking out: http://www.sun.com/startup