What's the most important lesson you've learned from a startup failure?

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Don't fall in love with your product and don't forget to ask yourself if the problem is real
this is gold!
Yeah I like to create businesses that are boring and NO ONE will love them, but make sure they serve a purpose
my pleasure!
Marketing > Product Building
yes absolutely!
Long term vision and value proposition are not smart phrases from business books, they are essential
Yes we are focusing on our value proposition from the start
The most crucial thing to learn from startup failures is market validation. Before allocating resources, verify your target market, comprehend client needs, and undertake research. Success chances are increased by early guarantee.
All of my ecommerce businesses before started off as little side projects and when I could see there was a market I would go all in
Start off with good people around you. Even more important if you're a solo founder
Yes, most of my friends are entrepreneurs which means I am always talking about the things that help me grow
how do you find fellow entrepreneurs? Do you go to conferences and events?
No but meeting some entrepreneurs lead me to meet more
1) Prototypes aren't businesses. 2) Be ruthless with killing zombie startups — 'businesses' that are essentially the walking dead 🧟
I have many of these, but something I realised that is valuable is that people will buy a prototype so they can turn it into a business. Last year I sold a buggy software I had built for $1000, which is better than $0!
thanks for that! Very good point
If you don't market it, no one will see it.
Marketing is no.1
Failure is experience. We learn a lot thanks to it. Failure is totally fine. Everything go through some fails, so do us people. The best thing you can do with a failure is to embrace it and learn!
Lots of them) You can't predict a lot of things, like an economic crisis, war, or something else. But the main thing is that you should always focus on your customers first and build your product/business considering the changes in the market.
Yes the only point of a business is to serve customers
One of the most important lessons I've learned from a startup failure is the importance of listening to your customers. It's easy to get caught up in your own vision and lose sight of what your customers actually want and need.
Yes a business is an entity that provides something to customers!
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