(Updated: April 21, 2016) Roadblocks and missteps are part of the entrepreneurial journey. In a previous post on top startup mistakes, we discussed how committing mistakes is almost inevitable. They happen to business owners, even to those who graduated from prestigious business schools and those who have already made names in their respective industries. Some of history’s biggest business slip ups were caused by negligence, like the Piper Bravo Oil Rig explosion, and some were due to … [Read more...]
Archives for December 2015
Top Mistakes Startups Make And What You Can Learn From Them
Setting up a business is always a risk and committing mistakes along the way is inevitable. But this does not mean you cannot avoid common mistakes entrepreneurs fall into or recover from business blunders. In 2014, New York-based CB Insights published a collection of 101 post-mortem essays from startup founders who closed their doors way too early. Forty-two percent of the failed startups stem from the ‘lack of a market’. Sometimes, startup entrepreneurs build things that … [Read more...]