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Mistakes That Many Startups Make

Author: Tommy Wyher
by Tommy Wyher
Posted: Jan 03, 2017

Startups are always thought about those like Facebook or other tech giants but many successful startups make the same mistakes as unsuccessful ones do. The successful ones overcome the obstacles or have a better idea. There are things that can cripple a startup early in its development. The following will be the mistakes that many startups make and how to remedy those mistakes.

Hiring Too Many Too Quickly

Capital is generally pretty low in the beginning of a startup unless you have been picked up and invested in by a venture capital group. Many startups hire for the work they expect to have or growth that they are supposed to have. Startups should let the work dictate how much they are going to hire. Every individual should have a full workload before hiring is even considered. Turning away business can be beneficial for the long term relationship with the client. If you promise things that you don’t deliver then this business relationship could be cut off. Take the work you know you can finish at high quality then slowly scale up. It will pay off in the long term.

Skimping On Equipment

Whether this is the computer that a designer is working on or the software needed to do specific thing, skimping on these things can end up costing more money in the long run. Your clients are going to want the highest quality product as possible so how can you expect to not have the highest quality equipment to deliver that. It always helps if you hire people with lots of experience who have a preference of using their own equipment. Graphic designers generally have their own software and equipment especially if they do freelance designing.

Not Consider Outsourcing

Outsourcing is a great way to save money while building capital to hire somebody in house. There are certain things that should be outsourced as it is cost effective. One of these things can be marketing because although the product or service might be great, getting its name out there is as important as the product itself. There are cost effective companies that have experience with companies just starting. Hiring an experienced marketing team in house can be extremely difficult and the team might not work well together.

Not Modifying the Vision

There are plenty of startups that are successful for a different reason than first expected. This could be a lawyer starting their own firm practicing in a variety of specialties. A personal injury attorney might also double as a medical malpractice attorney. If both of these specialties are successful then expanding would be great but if only one is working then specializing only in one can have a huge impact on the bottom line. Being flexible is extremely important especially when it can make the company more profitable.

Running a successful startup is extremely difficult even for those who have started multiple businesses. It is not going to be easy and there will be many 80 hour work weeks but working for yourself is a very liberating feeling. There are highs and lows in all startups and it depends how these are responded to. Most startups won’t be successful for quite some time but modifying a business plan and hard work usually prevails.

About the Author

Tommy Wyher is a Tampa native who works in various startups.

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Author: Tommy Wyher

Tommy Wyher

Member since: Nov 02, 2015
Published articles: 12

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