Trial and error

A startup is like a new born baby in the market. It must be ready to face slit throat competition even at its initial days as the current market conditions do not give a second chance to anybody. The startup entrepreneur must carefully plan and adopt metrics that don’t defeat the trial and error approach and attitude of a company.

Give them stakes

At the end of the day, it is the hard work of the employees that brings in money for an entrepreneur and it would not be tolerable by the employees only if the forerunner reaps the benefit. Hence, every entrepreneur must ensure that a certain percentage of the company share is given to its employees on certain criteria.

Face loss

Some entrepreneurs cannot deal with the fact that their company is incurring loss. In such situation the complete strength and efficiency of the company collapses along with the entrepreneur. Hence an entrepreneur must be ready to face loss and fight back against any circumstances thereby boosting the confidence of his fellow workers.