why start-ups fail ?? mohamed safwat
DESCRIPTION
twentyCAT event 14/5/2011TRANSCRIPT
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Why do startups fail?
Mohamad Safwat
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My Story
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Reason 1
No clear vision of the startup.
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Reason 2
You don't have a real product or service.
You don't even imagine the prototype of the product.
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Reason 3
You don't have a competitive advantage.
You are a copier.
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Reason 4
You don't target a type of customers.
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Reason 5
Wasting time in business plans.
Running after VCs.
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Reason 6
You don't have the resources.
You don't know how to get those resources.
You don't have the knowledge.
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Reason 7
You accept everyone.
You work with nonreliable lazy team.
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Reason 8
Your team members are not passionate.
Your team members have other commitments.
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Reason 9
You are looking for money only.
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Reason 10You live in 'Dream Park', and still want to.
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Reason 11
You are not practical about your calculations.
Tip : You need less than what you think.
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Reason 12
You want to grow rapidly.
Small is not a step, it's a destination.
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Reason 13
You don't say NO.
Tip : Scratch your own itch.
Make a game that you enjoy.
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Reason 14
You don't believe in your idea.
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Reason 15
You over do your plans.
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Reason 16
You don't know how to get profit.
Business or Hobby?
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Reason 17
Mixing enthusiasm with Priorities.
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More Tips
Accomplish small victories.
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More Tips
Don't worry about the competition.
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Thanks!