Startups
Kareem Azeez bola
4 replies
What are the major problems faced by startups!?
Replies
Jim Verducci@jim_verducci
Wristband
🌶️ Lack of easy money due to higher interest rates 😏
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too much hype
Focus on your core product, optimize cash flow, and reduce burn rate. Consider offering discounts to boost sales short-term. Renegotiate contracts and payment terms with suppliers. Be transparent with employees and investors to maintain morale and support. Explore alternative funding like debt financing, government grants, or strategic partnerships before it's too late. Bankruptcy should be an absolute last resort!