Top 10 startup mistakes of new entrepreneurs

Introducing Top 10 Startup Mistakes of New Entrepreneurs in Small Business. 90% of New Small business owners fails because of these startup mistakes. So, i must want to suggest you to correct these all top 10 small business startup mistakes from your business life style.

Top 10 Startup Mistakes of New Entrepreneurs:-

1. Your product doesn't have a market or market is not hot for your product. Identify your market need before creating a solution. Building a product and then looking for targeted customers is a recipe for disaster and zero revenue.

2. Your resources ran dry. Time and money aren't infinite resources, use them efficiently and wisely.

3. You are not working with right people who can grow your business empire. Hiring brilliant people won't get you anywhere if they can't work well together build a team with complementary skills and perspectives.

4. You're outmatched. Don't obsess over competitors, but don't ignore them either, even if your product is superior a flawed user experience and sluggish time to market can kill your startup.

5. Your pricing model is flawed. Are you priced too heigh or too low? Find the sweet spot by learning why customers turn. Do they say product does't justify its cost or complain about usability instead.

6. You're not user friendly. Just because you think its a great idea, doesn't mean customer will love it. Listen to what customers tell you they want.

7. You don't have a concrete business plan. Even with great product people want, you need to be able to scale appropriately. Create a sound business model investors can trust and you can relay on as you grow.

8. Your marketing efforts falls flat. A great product is meaning less if nobody knows about it, know your customer pain points and how to capture and keep their attention.

9. Your customers take a backseat to your vision. You need a clear vision to achieve your goals. but don't put on blinders and pursue that vision falls to the head without asking customer feedback.

10. You released products at the wrong time. Timing is everything, debut too early and you risk a poor first impression with a product that falls flat, wait too long and someone else may beat you to a hot market. A genius idea and a brilliant team are only part of the startup success story.

.... Read this article & understand the facts and all mistakes for correcting your small business mistakes.

If you've any questions on small business startup in 2019 then, you can contact me directly by leaving comments in comment box. Also, share your thoughts and query about small business ideas and which type of startup mistakes you did or just released.