5 Practical Tips on Reducing Startup Failure Risks

5 Practical Tips on Reducing Startup Failure Risks Avatar Posted by ivanpw under Startups
From http://www.bizpenguin.com 516 days ago
Made Hot by: MasterMinuteman on April 23, 2013 8:16 pm
Starting up a business is both exciting and challenging. This blog post will give you 5 practical tips on how to reduce your startup failure risks.

Sponsored Content


Comments


Written by AngelBiz
515 days ago

These are very good tips. I particularly like the #2. It always takes longer than expected and need more money than planned for start-up to be successful.

I have to disagree with your last tip though. I believe you have to focus on products, first and foremost. If you build great products the customers will follow even without spending a lot on marketing. I agree that sales and marketing is important, but you cannot put it ahead of your products.



Written by ivanpw
505 days ago

Harry,

Thanks for your valuable insight.

While I agree that we all need to build great products, I learn from my first-hand experience that great products without proper marketing is, well, just good for my ego, IMO.

I say, "My product rocks! Woot!" - the market says, "So what? I've never heard of it!"

I think that the best approach is to never stop improving our products while keep on pushing our marketing efforts - in the mean time, we should focus on how to do all of those efficiently and effectively.



Log in to comment or register here.

Free, Fast & Easy: A new way to communicate benefits to employees

  We know that as a small business owner, you have your hands full. Aflac has made it easier for you to communicate …
Subscribe

Warren Rutherford Creates Managerial Magic @OwnerTES

When it comes to finding new sources of productivity, Warren Rutherford has built his business on helping to release … More
Editor's Picks


Post your small business video to BizSugar today!
Have you tried BizSugar's new video posting feature?
It's time to up your game with video on BizSugar!
Did you know you can now post video on BizSugar?