How to save your STARTUP from failure : 50 STARTUP FOUNDERS TALK
Summary
We launched DomainAdvisors.com in October of 2010 and while we love the DomainAdvisors name, and continued to ensure we approached each opportunity as an advisor, the number of companies in our industry with the word “domain” in their name has unintentionally led to serious brand confusion. For each and every startup role from Office Manager, QA, Python engineer, Back End Developer, CEO, etc; you must hire top 5% talent at his or craft, but equal weight should be placed on culture enhancers. While in India, we keep hearing about people struggling to find jobs &/or firing happening in startups, there’s a huge gap in skillsets needed for what’s present in the market which is leading to this problem at both ends. This could be shortened with some help in the easy and affordable equipments and resources that could expedite the whole process.” “When it comes to linking of multiple data input points : ERP / Accounting package / Excel, the operational software does not record all the parts of a transaction and is also not integrated with the finance function. Lot of products get launched by competition and you start chasing without realising that one has to stick to their own game for winning.” “Challenges are typically around keeping the team involved and motivated before the product gets users and market acceptability, achieving profit objectives, achieving true customer happiness and how can the team deliver the best value proposition, fighting incoming competition and most importantly, building a purpose that is clear and desirable for all stakeholders.” “A few problems we faced were finding tech talent related to the tech stack we were using, lack of documentation for tech leading to problems for new developers, making sure developers communicate and focusing on code review and unit tests.” “As anyone running a business can attest to the day to day activities of running a business consume significant energy and resources.