Starting a startup is HARD
Sustaining a startup is HARDER
The result?
90% of the startups end up failing
Here are 12 common mistakes entrepreneurs do 🧵🧵
1) Playing it Solo
Running a company is no panic
It gets hard to keep your shit together
Alone you go faster but together you go further
2) Targetting microscopic niches
Many lean towards marginal niches to avoid competition
If you are making anything good, you'll have competitors
Allow yourself to see the big presence of competition as a good sign
3) Copying others
The best source of inspiration is unsolved problems
Rather than copying, find a problem that annoys a lot of users
Talking to your users helps a lot in that case
4) Never talking to users
The only way to understand the problem is to talk to people
Set up feedback loops with your users
Problems evolve and you need to stay ahead of them