Why Do Startup Businesses Fail? Pitfalls To Avoid

Investing your time, money, and resources into creating a startup takes a lot out of a person. That’s what makes a startup’s failure all the more devastating.

No matter how hard many people try, over 70 percent of startups in the tech industry alone will fail to meet their creators’ goals.

Those statistics, however, aren’t meant to say, “don’t ever invest in a startup.” Instead, they’re meant to represent the challenges that await anyone who does – and the safeguards you’ll have to invest in if you want to see your startup dreams come true.
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Those Good Workplace Vibes: Making Your Startup Team More Compatible

Interpersonal communications are as strange as they are wonderful. When you’re around the same people five days a week, eight hours a day, you build up a bond that’s relatively indisputable.

Unfortunately, that means there’s plenty of potential for drama, even as there’s potential for friendships.

So, what can you do to – if not entirely prevent arguments in your office space – make sure that your startup’s team can work together peacefully?

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Say No To This: Building Business Boundaries

It’s natural, as a business owner, to be ambitious. There’s a difference between ambition, though, and stretching yourself too thin.

You may feel as though you have to provide for all of a client’s needs, regardless of whether or not they’re within your wheelhouse. However, this kind of attitude can lead you to over-commit to one of your clients, neglect others, and give up too much of your already limited time.
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“I Appreciate Your Patience While We Work Through This”

In an ideal world, you’d be able to onboard all of your clients within one to two weeks of first contact. In reality, the onboarding process, or evening convincing a client that your business can be of benefit to them, takes time.

To secure your stream of revenue and maintain a clientele base, you have to make yourself present for clients without rushing them through the onboarding process.
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Using Client Feedback: Improving the Projects You Manage

Project management is as much about completing a task to the best of your ability as it is about improving on your business’s ability to meet the needs of its consumer base.

Your business can’t improve, though, if you don’t take stock of your previous clients’ opinions of your work.

Obtaining client feedback, though, can be a little difficult if you don’t maintain a relationship with your clients.
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