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Avoiding Failure as a Startup Business | Mike Khatiwala | Entrepreneurship
a Avoiding Failure as a Startup Business by Mike Khatiwala | May 28, 2021 | Entrepreneurship, Mike Khatiwala
Startup founders can avoid failure by following these ve tips.
Make connections Startup founders should surround themselves with valuable people. They should regularly attend conferences and dinner events within their industries. By exchanging business cards, founders will be able to meet investors and lawyers. These contacts will help the business move forward. For example, investors can help the business keep up with demand by paying for the raw resources necessary to create products. Lawyers can help protect the company from intellectual property violations.
Start with a niche Startups have trouble competing with large corporations. These conglomerates have billions of dollars in resources. They have armies of lawyers and analysts ready to squash the competition. Startups need to nd a way to break into the industry. They can do this by catering their products to a small audience with unique needs. For example, a fashion https://mikekhatiwala.com/avoiding-failure-as-a-startup-business/
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