A good plan, a solid strategy and thorough market research – Most Believe that these things were indicators of likely success.
So overwhelming temptation is to apply them to startups too, but this doesn’t work – because startup operate with too much uncertainty.
Planning and forecasting are only accurate when based on a long, stable operating history and a relatively static environment. Startups have neither.
The Future is unpredictable, customers face a growing array of alternatives, the finances can go hay way, personal issues can crop up when results do not come in expected time, & the pace of change is ever increasing. Most tools from general management are not designed to flourish in the harsh soil of extreme uncertainty in which startups thrive.
So, It’s important to understand key pointers before starting up to minimise.
the risk or smoothen your journey a bit.
Here us in Facebook live on 13th Feb,2023 at 8 PM in informal chat session with Surajit Nayak about “Startup guide”.
Don’t Forget to subscribe at https://www.facebook.com/earnwithnayak
to watch it live.
