Startup's roadmap to failure: what you must NOT do!

9 out of 10 startups fail. Sounds grim, right? Well, it's not far off. Startups are battlefields, with countless bright-eyed entrepreneurs charging in with dreams of changing the world. But most of them end up face-planting before they even get started.

Why is that? Is it bad luck? A terrible economy?

Nope. More often than not, startups fail because of self-inflicted wounds. They make rookie mistakes, fall for common traps, and follow misguided strategies.

This ain't some doom-and-gloom article, though. Consider it your roadmap to NOT screwing up.

We're going to expose the biggest startup blunders, the kind that can sink your ship before it even leaves the harbor. We'll look at everything from the tech obsession to the "hero" complex to why chasing those big-fish clients early on might not be the smartest move.

By the end, you'll have a clear picture of what not to do, which is just as important (if not more so) than knowing what to do.

So buckle up, because this is your crash course in Startup Failure 101. And trust me, you don't want to flunk this class.

TL;DR:

• Tech isn't everything: Focus on solving real problems for real people, not just building cool gadgets.
• Start small, dream big: Don't chase after big clients and projects before you're ready.
• Done is better than perfect: Launch early, get feedback, and iterate.
• Teamwork makes the dream work: Build a strong team and culture, not a cult of personality.
• Know your market: Validate your idea and make sure you're solving the right problem.
• Don't rush into leadership: Focus on execution and results, not titles.
• Be brutally honest with yourself: If your business model isn't working, pivot or shut down.
• Understand the cost of capital: Be strategic about fundraising and equity negotiations.
• Set realistic expectations: Communicate openly and honestly with your stakeholders.
• Stay focused: Don't get distracted by shiny objects or diversify prematurely.

Read the whole article here: https://www.productgrowth.blog/p/startups-roadmap-to-failure-what-you-must-not-do