I see a lot of talk about failure. What happens before failure? I am trying to figure out how startup founders come to understand that their startup is at risk of failure. Is this understanding triggered by a particular event, or is it a gradual process? Even if it is a gradual process, I am sure there is some particular event which crystallizes the understanding that there is a problem.
There is no failure , all you need to do is to adjust according to the situation , you should keep looking for answers no matter what ,
its when your startup looks like it is failing , that is the time to aim higher , go the extra mile , take the extra risk , work the extra hours
when there seems no way
you shouldn't stop looking for one !
First, every entrepreneur fails. I learned more from one of my epic failures then I did from exiting my first successful Nasdaq Company. There is typically not one epiphany moment where you realize you're in trouble. It's usually a number of red flags that go up that you either deal with, or ignore. The more you ignore, the greater likelihood that failure is a possible outcome.
Reasonably, we as founders should define our terms of failure.
If the numbers does not add up at the end of the day, is it worth doing it in this manner or model ?
Even improvising by adding another assumption with the current scale and resources going to help?
In short, even if you are driving the best vehicle and your fuel runs dry. That is a game-over.