As long as you have enough resources, starting a business is not a hard task. However, the turn of events after the business has started squarely rests on the shoulders of the entrepreneur. Things can turn favorable or unfavorable depending on the approach of the entrepreneur. You must understand that a business is usually very critical at initial stages and any wrong move can instigate hazardous implications.
Here is a list of 5 reasons why most entrepreneurs fail at the initial stages of their businesses:
So it all started In late 2013, me (Praveen) right after my engineering degree, was in full swing, dreaming about creating a company. I’ve started freelancing as an animator creating custom made explainer videos and went on to create a company with 20 employees at a point, which contains my hard work, sleepless nights, day dreams, strategies, people. In late 2014, everything started collapsing, the small empire I built on my own, which I considered as my pride, became nothing by the end of 2014.
A great shock I faced till now, in my 23 years of life. Something I strongly believed that won’t be a failure sank in just 1 year, which made me mad, but eventually I realized to figure out what went wrong. Here is the list of Top 5 mistakes I’ve done in my first startup.