Where Startup Entrepreneurs Must Learn to Say No


Bangalore: Following your intuition when making decision and to move forward with that decision is something that makes an entrepreneur complete. It is never difficult to find an entrepreneur lacking such skills because of the continuous fluctuations and change in the economy, but there are certain other factors that an entrepreneur should never depend on when he starts a new company. It may be a new business or a total diversification from the existing business style. You can call it the ‘Don’t Dos’ while starting a new company. Startups need great focus for its development, how do you do that without a diverting thought? Let’s take a look at these ‘Don’t Dos’ compiled by Business Inisider.

Say no to new customers

Alright! It is just not the matter of a loud noise; you need to have a bold voice. It is exciting to have new customers and clients in business but they don’t really help during the initial stages unless you have a proper control which is least expected during the initial stages.

New business brings new customers, new customers equals more money and more money equals a big business but what happens to the existing ones? Yes! They are forgotten for a while because the focus is on the new customers. We cannot deny the benefits of having new customers but in the process of acquiring new customers, the quality is deteriorated because the vision lies on market capturing even before the product is completely born.

It is much advised for startups to work towards quality because in today’s economy ‘capturing masses’ is simple with one world class quality product.