10 MISTAKES STARTUP FOUNDERS MAKE AND HOW TO AVOID THEM
After founding my own startup and spending a few years working with startups I’ve seen a lot of mistakes that founders usually make.
Unfortunately, these scenarios are more common than we’d like to think. Here is my roundup of the most common mistakes and how to avoid them...
Read the full article on my blog...
Fintech leader bridging strategic infrastructure across payments, digital identity and financial risk.
3 年Practice makes Perfect
Senior Finance Executive | Group CFO | Board Member | Global Banking & Markets | FinTech | SaaS | Payments | Executive MBA
3 年Marcel, excellent succinct article. A couple of points to compliment your guidance. Having worked and advised some start-ups, the starting point is to confirm that you understand the problem you are trying to solve and whether your solutions does this. As you say you need to engage with your early adopters and build experiments to get the answers you need. Once you quickly get some steer you need to look at Product Market Fit - sizing the problem, sizing the market, competitor analysis etc. If the problem is big, your solution addresses this and the market is ready then you have a company worth starting. Now - you need to decide how to scale: As we know there are a number of scaling approaches. Traditional iteration, fast scaling and blitzscaling. All depend on two factors: certainty and speed. Founders also need to continually step back - which is difficult when you are heavily involved - and know whether they are operating in their range or are being held back due to lack of knowledge/experience. This is where having the right investors/mentors from the outset add significant value.
?Transatlantic-o? Connector | N.E.D. | Curious
3 年Agree 100% And they tend to cost dearly!! As logical as they seem they tend to be overlooked