Running a company is no panic
It gets hard to keep your shit together
Alone you go faster but together you go further
Starting a startup is HARD
Sustaining a startup is HARDER
The result?
90% of the startups end up failing
Here are 12 common mistakes entrepreneurs do 🧵🧵
Running a company is no panic
It gets hard to keep your shit together
Alone you go faster but together you go further
Many lean towards marginal niches to avoid competition
If you are making anything good, you'll have competitors
Allow yourself to see the big presence of competition as a good sign
The best source of inspiration is unsolved problems
Rather than copying, find a problem that annoys a lot of users
Talking to your users helps a lot in that case
The only way to understand the problem is to talk to people
Set up feedback loops with your users
Problems evolve and you need to stay ahead of them
Startups are like science, follow the trail
Be willing to trade your initial concept with a better one
Embrace change but do not lose track of where you're heading
Perfection is an enemy to progress
Ship the product as soon as it meets two requirements
-provides value to users
-future potential
Budget your cost and prepare for one or multiple funding rounds
Save enough money to cover your bills
Monetize your idea early and scale
Making something that people like is so much harder than monetizing it
The more you add value the wealthier you become
Build wealth and money will flow
Self-promotion is cringy but no one will notice your business
Even if the idea is great you'll need to prove there is a market for it
You can't win if you can't play
it is hard to say no to someone who is funding your company
Investors are human beings with personal biases
Hear them our but don't listen
Many startups fail because of different values
Partner with someone you trust
Become better at evaluating people and their intentions
Most startups remain side hustles and die
The only way is to take a leap of faith
Build financial safety, surround yourself with people who believe in you
Take a chance on yourself.
If you want to learn more about:
- Marketing breakdowns
- Growth Marketing tips
- Growth strategies
Follow @agarwal__gaurav
:)
I will be posting insane value threads every week 🚀🚀
(It would mean a lot to me)
https://t.co/9zyWKMFwdh
Starting a startup is HARD
— Gaurav (@agarwal__gaurav) May 23, 2022
Sustaining a startup is HARDER
The result?
90% of the startups end up failing
Here are 12 common mistakes entrepreneurs do \U0001f9f5\U0001f9f5
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THREAD PART 1.
On Sunday 21st June, 14 year old Noah Donohoe left his home to meet his friends at Cave Hill Belfast to study for school. #RememberMyNoah💙
He was on his black Apollo mountain bike, fully dressed, wearing a helmet and carrying a backpack containing his laptop and 2 books with his name on them. He also had his mobile phone with him.
On the 27th of June. Noah's naked body was sadly discovered 950m inside a storm drain, between access points. This storm drain was accessible through an area completely unfamiliar to him, behind houses at Northwood Road. https://t.co/bpz3Rmc0wq
"Noah's body was found by specially trained police officers between two drain access points within a section of the tunnel running under the Translink access road," said Mr McCrisken."
Noah's bike was also found near a house, behind a car, in the same area. It had been there for more than 24 hours before a member of public who lived in the street said she read reports of a missing child and checked the bike and phoned the police.
On Sunday 21st June, 14 year old Noah Donohoe left his home to meet his friends at Cave Hill Belfast to study for school. #RememberMyNoah💙
He was on his black Apollo mountain bike, fully dressed, wearing a helmet and carrying a backpack containing his laptop and 2 books with his name on them. He also had his mobile phone with him.
On the 27th of June. Noah's naked body was sadly discovered 950m inside a storm drain, between access points. This storm drain was accessible through an area completely unfamiliar to him, behind houses at Northwood Road. https://t.co/bpz3Rmc0wq
"Noah's body was found by specially trained police officers between two drain access points within a section of the tunnel running under the Translink access road," said Mr McCrisken."
Noah's bike was also found near a house, behind a car, in the same area. It had been there for more than 24 hours before a member of public who lived in the street said she read reports of a missing child and checked the bike and phoned the police.
