5 tips to prevent early stage failure in startups

Startup founders need to prevent early stage failure

n 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.

4. Keep your family close: They will be your emotional anchor and keep you in good stead. Your business partners may not be there for you for life, but your family, especially parents or siblings will.

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 relationship.

( Courtesy: Business Standard)

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