Here are five mistakes any startup can make in the early stages and how to avoid them.
- Picking the wrong name
- Giving out too much information
- Not listening to users or consulting consumer research
- Having an uninteresting pitch
- Real estate issues
As Adam Fisher of CTech writes, “picking a good name for your startup is important.” Fisher has 11 tips for startups on how to pick a good name, and some traps to avoid like the allure of memorializing a tech trend (aka putting “cyber” in front of everything).
Cyril Gantzer, head of shared inbox app Front’s analytics team, shared his simple advice for raising venture capital in a Business Insider profile: create a simple slide deck and don’t overload your audience with too much information during the presentation.
These pitch deck guidelines good not only for approaching VC’s, but also Angel seed funds, Family offices & individual investors with a startup portfolio. Common first time entrepreneur mistake is to spill the candy in the lobby with too much info too early in the approach. June 21, 2018
Assuming you know exactly what the market needs and/or wants is risky and can land you in a costly situation.
Start-Up Tip: Find out what your customers want. Search forums, conduct a survey or ask questions on social media to save yourself a costly mistake.#HReadetips #startups
— HReade (@HReadeltd) June 26, 2018
It’s hard to bring back a potential investor who has been introduced to your startup by way of a weak problem statement or unclear solution statement. MedCity News published a list of five common startup pitch mistakes and how to remedy them ahead of that very important meeting.
From signing a bad lease to signing one before the company is ready to rushing to a co-working space, Commercial Observer has a list of real estate mistakes that every startup should avoid making.
