What’s one mistake you made early in your startup journey that others can learn from?
AnnaHo
17 replies
Let’s help each other avoid common pitfalls!
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AnnaHo@annaho2000
One early mistake we made was trying to build too many features at once instead of focusing on the core problem we aimed to solve. It spread our resources thin and delayed our launch. Focusing on a minimum viable product (MVP) early on would have been much more efficient.
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Start by simplicity, don't go into complex things
@tara_fitzgerald Your experience highlights the importance of thorough market research. Understanding market size and demand is crucial before investing resources. This lesson can help others avoid similar pitfalls by encouraging them to validate their ideas and assess market potential early in their startup journey.
I thought my ideas was good but I did not realise how nich the market actually was. It led to waste of money and time
@peterhenry Underestimating market niche size is a common pitfall. Thorough market research is crucial to avoid wasting resources and time on ideas that may have limited appeal.
Launching soon!
Build your community as soon as you can. It can be surprising how a strong community can help you in so many ways.
@bilalasif Absolutely agree! Building a community early creates a loyal base that can provide valuable feedback, spread the word, and even become your first customers. It also gives you insights into your product’s fit with the market.
I though there were no compitition but I was wrong. We should always ready for the compititions
@paul_mccoy That's a valuable lesson. Assuming no competition can lead to complacency. It's crucial to stay vigilant and prepared for potential rivals in any market.
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Launching soon!
The biggest two mistakes I've encountered in my journey that have really held things back are not talking to customers enough and building too much in general.
@timothybramlett Engaging customers early and often is crucial. Focus on building only what's necessary, avoiding over-engineering. These lessons can significantly streamline your startup's progress and resource allocation.