Start-ups that turn into standard companies rarely continue the way they started. They sometimes lose their hunger, their desperation and urgency. A start-up is one of the most dynamic, hungry, urgent working situations you’ll find yourself in – but there’s no reason you can’t take the attitude through to a bigger company(as if that is easy).
- As startups begin to hire and increase employee numbers, things begin to slow down.
- Decisions go through procedures, before they are finally approved.
- Listening to customers or following the long term design on the table.
- Most of the time the first product that a startup brings to market won’t meet the market need
- Problems will come and go, and scaling will take longer than planned, prepare for it.
- Problems arise frequently throughout the evolution of a startup, but how your will handle them will deterimne how fast you can grow.
- Getting across this chasm is hard, it takes tenacity, both from the entrepreneur and team and from the investors.
- The enthusiasm, creativity and freshness of ideas could die and you could be in for trouble
- Achieving startup focus is a big hurdle to cross.
- There is not a compelling enough value proposition, or compelling event, to cause the buyer to actually commit to purchasing or using your product. And that will hurt.
- The market timing is wrong. And you are spending too much money trying to convince users to stay.
- You have to be able to acquire your customers for less money than they will generate in value of the lifetime of your relationship. That is a lot of hard work
- Running out cash is always a never ending issue.
- Failure to achieve Product/Market fit will be scary.
