Tag Archives: startups

5 Mistakes That Can Kill Startups

Image via Flickr by Nguyen Vu Hung

Looking to launch a startup? Here are five mistakes to stay clear of to keep your business from crashing and burning.

Not Planning is Planning to Fail

Any new startup that’s about to launch should have a well-written plan in place with goals that are expected to be achieved. By not making a plan for your startup, you’re planning to fail.

You have created that great idea, and now you need to come up with some realistic goals and expectations that you plan to meet in order to achieve success in the future. Setting goals is hard but imperative when it comes to defining what your startup is working toward.

Without a clear definition, it’ll be harder to determine when something is going wrong or when you need to say no to something. When setting goals for your startup, use the S.M.A.R.T. goals technique. This will help you to create goals that are Specific, Measurable, Attainable, Realistic, and Time-bound. Continue reading