Eighteen Business Killers October 19, 2006
Posted by Tim Raines in: business, marketing, management , trackbackThough writing about the mistakes that kill startup businesses, Paul Graham could easily be talking about any small-to-medium-size business. There’s a lot of insight here, gleaned from years of experience and the post is definitely worth a read, though it does lean to the computers and programming world (while you’re reading, substitute “programmers” with “employees” and “users” with “customers” and the advice will work for just about any business).
Here’s the eighteen mistakes:
- Single Founder
- Bad Location
- Marginal Niche
- Derivative Idea
- Obstinacy
- Hiring Bad Programmers
- Choosing the Wrong Platform
- Slowness in Launching
- Launching Too Early
- Having No Specific User in Mind
- Raising Too Little Money
- Spending Too Much
- Raising Too Much Money
- Poor Investor Management
- Sacrificing Users to (Supposed) Profit
- Not Wanting to Get Your Hands Dirty
- Fights Between Founders
- A Half-Hearted Effort
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