Listen Entrepreneurs, Do not Commit these Deadly Sins


Bangalore: The quality of startups is the cornerstone of success for every market. The reason why computer and related technology market has flourished so well in so less time is the quality of startup enterprises that have provide a heavy bottom to the market.

But amidst this glory of small companies and young entrepreneurs rising to quick success, what is lost is the huge bunch of startups that fall apart in their initial stages. Inc.com has compiled a list of sins that these startups commit which becomes the reason of their downfall.

Here are the 7 mistakes that every startup must avoid to stay afloat in the market.

1. Choosing the Wrong Market

Entrepreneurs play safe while choosing the play area of their startup. It is a good move to a given extent and entrepreneurs must be watchful about their limitations. But, over-cautiousness can cramp the business and result in the company being deprived of enough space and resources to acquire fruitful results. Instead, it is recommended for the entrepreneurs to choose a larger market that has good amount of resources, healthy competition and enough space for a lot of companies to fit in. "I'd rather shoot for a star and hit a stump than shoot for a stump and miss," writes Marcus Luttrell, author of Lone Survivor.