Entrepreneurship · Startup

What is the biggest need/challenge startup companies face (outside of funding)?

Jason Kraus Changing the world one pitch deck at a time

January 10th, 2017

I run a startup consulting firm that helps create all of the materials necessary for raising funds and connect with investors. We are partnering with other service providers to expand our business, and I am looking for focus areas of other startup needs for our expansion. Thanks!

A great idea is 1% of the work. Execution is the other 99%. In this course, we’ll teach you how to conduct market analysis, create an MVP and pivot (if needed), launch your business, survey customers, iterate your product/service based on feedback, and gain traction quickly.

Mahesh Khatri Techno Entrepreneur

January 11th, 2017

Find right people to work with you.

Steve Owens

January 11th, 2017

Product Development is often very challenging - and is also very different than doing product development in a big company. Lots of tips @ www.FinishLinePDS.com

David Feng Co-Founder at Reamaze, Clearalias, and Roninapp.

January 12th, 2017

Hiring the right people is the right answer. Hiring good individuals can be an invaluable asset to any company looking to grow. The right team will give off the right aura. The product will speak for itself. Culture is the hardest thing to get right.

Saïd PhD Tech Entrepreneur, Search Expert, Digtal Marketer

January 12th, 2017

From my experience, the team. At the beginning, the cofounders will have a lot of challenges. And when you start to scale, hiring the right talent is really tough.


Human being is the most complex paramter in the equation. Make sure to have always the right people.


When you hire, use the technique "Hire slow, fire fast." Take your time to find the right person. No shortcuts in team bulding. As soon as you find out that the person is not a good fit, let them go asap.


This is the technique I have been using, and the results are great. In my previous company, I had over 70 people in my team, and the turnover was around zero.


I hope it helps!


Cheers,

Nextal ATS

Ram Menon Founder and CEO at Avaamo

January 14th, 2017

I think people worry too much about scaling/growth/ all these things. read all these blogs/ worry about marketing/ systems/ hiring If you are B2B company its simple:

1. Hire 1-3 people you know

2. build a product that works

3.. Find 5-10 customers who will use your stuff

4. then find 5-10 customers who will pay for it.


the rest is details...if you dont have (3) and (4) it does not matter- funding/ scaling/ and the rest comes after this basic two rules.