Welcome back to Part 4 of "50 Ways to Mess Up Your Startup" so you can avoid them! Try the
post for a video with important details on Startup Therapy™ and toxic cultures.
29. Forget to be an ethical business that customers can trust.
30. Neglect “Startup Therapy™“ in the earliest days of your startup – and end up with poor founder relationships and a lack of clarity on roles and expectations.
31. Permit a toxic culture to develop because you didn’t develop and nurture the culture.
32. Forget to “hire fast and fire faster” when someone you’ve brought on board can’t do the job, is a toxic personality, brings inappropriate behavior or harassment into the workplace etc. No one is indispensable, get rid of them fast.
33. Forget that high potential organizations grow faster than people do – the first people into a function (sales, marketing, development, product, HR etc) are NOT the eventual VP’s or CXO’s of that function.
34. Assume that people can always rise to the occasion. When you create something new, you spend your time inventing your new contribution – you can’t reinvent everything else as well, so hire experience!
35. You really need a good (venture experienced) attorney.depending upon market conditions, those preferences can, and usually do, eat up all the money in a modest acquisition, a break even or even a collapse, where there might be some cash available to pay off investors.
Check out our latest blog post at
Notes.VentureWrench.com with tips to help you take advantage of every opportunity to succeed.
