What's your biggest mistake in a startup?
Iren from FirstHR
10 replies
Let's discuss the biggest mistakes you've made in your startup and how you fixed them.
I think it will be helpful for the community.
Replies
Pir Ahmed@pirahmed
Personal FolioKit
One of the biggest mistakes we (I and my co-founder) made was selling almost everything in an ecommerce store. We failed though, and the biggest lesson we learned was we should have started small, focused on one category and then would have moved to others and so on...
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1. Start small, focus on a small problem and solve it.
2. Talk to your customers as much as you can.
3. Do a lot of marketing.
The LinkedIn Inbound Playbook
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@olenabomko What is the most interesting thing you learned from them?
The LinkedIn Inbound Playbook
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Not Understanding the Market, I worked in an Edtech Startup, Right after Covid, Everything was about E- learning, and the market was super inflated. As time Passed, the Bubble burst and we started struggling with conversions and CAC, despite having users loved our product. Understanding the market is super critical.
Not reaching out to what I believe are the potential users before developing the platform
@tanvi_mehta Did you manage to solve the problem?
It takes more time to build relationships to start a new business than you could ever imagine. And they are needed much more than you think. Ideal would be to have the clients sorted out before even starting.