6 Signs Of A Startup That Seeks New Steer
#5 A competitor is doing it better
An industry rival, outperforming your company signals to the fact that something is not in the right place. It is time that you recheck the marketing strategies, pricing and features to get cutting edge over the competitors says Jacobson at Madrona Venture Group.
"Look at the metrics," he says. "If two apps launch at the same time, and one absolutely skyrockets because of virality, feature set, better marketing or whatever reason, you can see that difference in growth rates. If it's a winner-take-all type of market, then maybe that's a good indication you should go do something different."
#6 The thrill is gone
Every startup founder initially may have lot of inspiration and enthusiasm, but as time elapse the fire automatically dwindles and goes off. Next Big Sound’s founders noticed that they started drifting off from the purpose and goal.
"We didn't jump out of bed in the morning, and we didn't stay up all night working on it," Alex white says. "Entrepreneurship is so difficult; if it's not gripping you and exciting, that's probably a clear sign to switch, because it certainly doesn't get easier."
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