BANGALORE: When starting a business, there is always a list of certain Dos and Don’ts which every entrepreneur should follow for avoiding risk and leading to the path of success. And if it’s a startup then you need to be more cautious.

Startups being the initiative of the smart entrepreneurs for bringing changes to our lives using innovative ideas, entrepreneurs should eradicate risks of all sorts. There are some common mistakes that have been repeated over the years and have lead to failures of startups. But 50 percent of the start-ups fail before they reach their magical ‘cash flow’.

Here we list some common mistakes one should avoid to gain success in startups, reports ET.

Sole Founder

Being a single founder has more chances of crashing down a business is more than having a team of two. The success of e-commerce in India bears a testimony that most successful ventures were started in teams.

Location Mistake

 Choosing the right location for setting your business afloat is an important factor. You need to recognize the location where your startup idea can fetch the maximum success and where the customers need it. 

Marginal Niche

Entrepreneurs shouldn’t doubt their ideas by being avoid of the strong players in the niche market. Choose a niche which is not obscure and has no good worth.

Stubbornness

Some startups follow a stern and stubborn idea without judging and considering what their customers have to say. This lack of ability to adapt to certain things kills the startups. 

Hiring Bad Programmers

If you’ve been a good programmer yourself, you would never hire someone that is not as good as you. Smart coders are a rare find and thus hiring one might take some time. 

Delay in Launch

Taking too long or being in two minds about starting up with your venture is yet another sign of failure. The more you delay the launch the more your doubts aggravate on it. 

Hasty Launch

If the start is excessively hasty it is risky too. 

Raising Too Little Money

The inability to raise many funds can also land your startup in danger. Your idea should excite the investor as to convince him for shelling out his money into your venture.

Sacrificing Users to Profit

Users can either make or break a business and thus you cannot afford to lose them at any cost. The priority should be retaining your customers over making profit.

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