17 Insights for Founders of Startups
OnStartups.com offers the following tips for startups including:
- Seek transparency and understanding with your partners early. Issues get harder as time passes.
- Startup founders work long hours for a reason. Â There’s more work than there are people. Â If you’re seeking balance, seek it elsewhere.
- Bad customers will drain you of passion. Â Really bad customers will drain you of both passion and profits. Â Unfortunately, most bad customers will degenerate into really bad customers if you don’t do something about it.
- If you’re changing direction often, worry a little. Â If you’re changing people often, worry a lot.
- It’s lonely at the top, but even lonelier at the bottom. Â In the early days of a startup, hardly anyone wants to talk to you (except some desperate vendors).
- Eventually, your product will need to work and do something useful. Â No amount of marketing or strategy will get you around this.
Some are definitely “tough love” but valuable nonetheless.
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