Startup founders can get a lot of things wrong in the start-up world, but the best advice they can give themselves to get ahead is to focus on the first six months of the company’s life.
So let’s get started.
Here’s a look at the most common mistakes startup founders make.
Start-up founders should take a look First, the first thing you should do is get yourself a clear vision of your business.
“Think about what you want to do,” says Scott Daley, founder of the digital marketing company iCrowd, which helps start-ups scale.
Start with your company’s core principles, he says, “but then focus on your product and vision.”
“Make it clear what your company is about and why it’s important to the rest of the world,” he says.
“And make sure your company has a clear purpose and vision of where it’s going.
Make sure your product is clear, and your team is clear about what they’re doing.”
If you’re starting from scratch, start with a business plan, says Chris Boesch, founder and CEO of digital marketing software platform Sift.
“Then you need to identify your business objectives and start working out how to execute them,” he adds.
The best way to figure out your business’s goals, says Boesich, is to think about the three biggest challenges that you face.
“The first one is finding your audience,” he explains.
“What are their needs, and how can you satisfy those needs?”
Then you need “to figure out what you’re going to do about those needs.”
This is the key to solving the other three problems, says Daley.
“How do you get them to share?”
“How can you reach out to them and get them involved?”
These three questions will help you identify the best way of meeting those needs, he explains, “and then how you can make sure you meet those people.”
What you need The first step in finding the right people to join your team, says Paul Graham, chief executive of software start-down platform StartUpVital, is “to find the right audience”.
“The most important thing to find is the audience for your business,” he said.
“If it’s not the audience you want, then don’t get into it.”
This means looking for potential employees that are passionate about what your startup does, but also have the “right temperament,” according to Graham.
“Those people will be the best to work with.”
Graham has found that “people that are driven to work hard and do things are really important,” he explained.
“That’s what they want to see.
So find those people and find the way to get them working.”
A “small, fast-growing” team can also help you attract the right employees, says Graham.
This is particularly important when it comes to hiring, he said, because “smaller teams will be able to hire people fast and do something big.”
“If you’re hiring for a team of 10, you should ideally get as many as possible,” he advised.
“It helps to have a team that is at least 100 employees.”
Start-ups can also attract key hires by creating “good relationships” with the people who are already there, says Ryan O’Neil, founder, social media platform StartFund.
“These people will provide valuable feedback and help you in every way,” he added.
“You need to be able go into an office and see people working together.
You need to have the right balance.”
The right talent, says O’Neill, is the “perfect combination of personality, drive, drive to succeed and vision to get things done.”
StartUpFoundation founder and chief operating officer Justin Clements, who founded the software platform StartCure, also recommends hiring a few key employees.
“For the most part, if you’re looking for a good person, then you’re probably looking for the right person,” he told Quartz.
“But if you don’t have the time or the talent, you’re likely going to be wasting your time.”
For more advice on hiring and getting a good fit, read our guide on how to find the best job for you.
“Don’t be afraid to ask people about their backgrounds,” Clements added.
He recommends finding “a few people that you can work with on an informal basis and just see how they’re going.”
For some people, “they’re going into a different field than you’re already in, so ask them to come over and work with you,” he advises.
“There’s no need to waste time looking for people who you think are really good for you.”
“I like to think of my role as ‘the entrepreneur,'” Clements says.
It’s a job that requires “good judgement and empathy,” he stressed, but it also offers opportunities for “real-world learning”.
“I do have a strong passion for technology and a strong interest in how startups are created,” he continued.
“I’m really excited