What's your biggest mistake in a startup?
Irina Ivashchinenko
9 replies
Let's discuss the biggest mistakes you've made in your startup and how you fixed them.
I think it will be helpful for the community.
Replies
Olena Bomko@olenabomko
Not talking with customers.
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@olenabomko What is the most interesting thing you learned from them?
@iren_ivashchinenko
You can learn a lot of very interesting things:
What is your best marketing channel?
Where your customers spend their time?
Who influence their bying desigion?
What do they like/don't like about your product?
What words do they use to describe your product?
And so on :)
Not reaching out to what I believe are the potential users before developing the platform
@tanvi_mehta Did you manage to solve the problem?
Not Understanding the Market, I worked in an Edtech Startup, Right after Covid, Everything was about E- learning, and the market was super inflated. As time Passed, the Bubble burst and we started struggling with conversions and CAC, despite having users loved our product. Understanding the market is super critical.
1. Start small, focus on a small problem and solve it.
2. Talk to your customers as much as you can.
3. Do a lot of marketing.