 "5 tips to prevent early stage failure in startups")
In the early stages of a startup, entrepreneurs are often faced with moments of dejection and rejection more than successes. During such a period, they need to take charge and revitalize for the next challenge if they wish to save the startup in its early stages. Below are a few techniques will help you recover from battered spirits as an entrepreneur.
1. Chats with a co-founder: It helps to have a co-founder to talk out the issues or simply celebrate a failure over a beer. If not – then make a trusted employee your ersatz co-founder whom you can use as a sounding board.
2. Don’t neglect health: Go out and run, jog, or play sports as often as possible. Make it a routine. Exercise will keep your body fit and mind sharp to handle the lows which are bound to occur in the early years.
3. Have a passion besides your startup: It’s important to have a hobby – which you love besides building your startup. It always keeps you engaged and improves your persona. You may not progress in your startup – but a hobby such as music, sports, or even rock climbing can make you feel accomplished and alleviate stress.
5. Rejection is not failure: Often entrepreneurs take rejection too personally. The client may have a different need which you could not recognize properly. Rejection by investors is not necessarily a failure, if you use it as constructive feedback or a chance to build relationships.
This is an excerpt from Tech in Asia. You can read the full article here.
