It is never easy to start and run a startup. From getting funding to customer support, it is indeed a tough path. When the situations get tough, most founders tend to make some mistakes while attempting to overcome the hurdles. RPG Enterprises boss Harsh Goenka’s recent tweet accompanied by a graph warns about ten such mistakes.
According to him, startup founders should avoid the following 10 mistakes:
- Building something nobody wants
- Hiring poorly
- Lack of focus
- Fail to execute sales and marketing
- Not having the right co-founders
- Chasing investors, not customers
- Not making sure you have enough money
- Spending too much money
- Failing to ask for help
- Ignoring social media
According to Goenka, if startups keep these tips in mind, they will grow.
Interestingly, his tweet came days after Indian startups – Vahan, Pandocorp, Proeon, Recykal, and SmartCoin – made it to the World Economic Forum’s (WEF) Technology Pioneers Community.
Founded by Madhav Krishna in 2016, technology company ‘Vahan’ helps Zomato, Uber, Swiggy, Shadowfax etc… hire blue-collar workers. Nitin Jayakrishnan’s ‘Pandocorp’ offers ‘network-powered all-in-one freight automation to fast-developing businesses.’ Abhay Deshpande’s ‘Recykal’ aims to provide end-to-end digital solutions to facilitate transactions for all stakeholders across India’s waste management and recycling value chain. ‘Proeon’, the brainchild of Ashish Korde and Kevin Parekh, aims to ensure healthy and cruelty-free living. SmartCoin Finacials’ aim is to provide financial inclusion through technology. It was started by Rohit Garg, Amit Chandel, Vinay Kumar Singh and Jayant Upadhyay.
