Startup is the most sensitive phase of business. This phase must be well planned and well handled. This is green shoot phase of business. At times a startup founder makes certain mistakes which can be fatal. These mistakes can be tough to handle as well. Knowing the probable mistake is the best way to avoid those.
I am noting here set of eight mistakes which can be fatal for a startup
5. Wrong Target Audience : Selecting target audience is important for any business. These target in later run become prospects or referrals. So, targeting wrong set of people for business product can be troublesome. Wrong set of people might not get converted to prospect even after hard trial. This will lead to wastage of resources. So, selection of right target audience is important in business. This increases the rate of materialization.
So as a startup founder, one must take a note of above points. They should plan to avoid these mistakes.