“There are lessons to be learned from the success stories but life lessons from failed attempts.”
“Start up” is the buzzword in the entrepreneurial world. Every college graduate or drop out wants to be an entrepreneur and is moving around with a master idea to revolutionize the business world. Some are indeed radical and some not so radical. But at times even the radical ideas fail to make a mark. Why even the most promising ideas fail in the entrepreneurial journey?
For the startup’s success
Renato Augusto Brazil Jersey , thinking that the startup’s product or service is unique and has no competitors is the biggest mistake. Once an idea gets market validation, new entrants show up. An eye should be on the competition though obsessing over it would be of no use, but having the sufficient knowledge of competition would be fruitful in long-term.
Team work is the key to success but what if the team on which the founder is dependent does not listen to the founder itself? Egotism is the element to be circumvented by all means. What is needed is not the best person to do the job, but the person who is competent to do it. So, do not rush and end up in promiscuous hire.
