Most companies do layoffs every year, but few companies go as far as Amazon and lay off engineers who aren’t performing well. They even lay off employees who are pregnant.
In case you didn’t already know, the number 1 reason why most startups fail is that they run out of capital too early. When you have less money than you need to get things done, you will inevitably make mistakes.
Here are 6 reasons why you should never cut corners just because you have limited resources. Instead, you must always build robust systems so that you can focus on building products with quality.
If your startup has a product-market fit problem, it means that there isn’t enough demand for your product or service among customers.
This happens when more people want to use your product/service than there are people willing to buy it. If this sounds familiar, then you might be thinking about how to improve your marketing strategy.
But before you start spending money on ads, you’ll first want to figure out whether or not your market actually wants what you’re selling.
There’s no better way to find out than by asking potential users directly.
Don’t worry if you don’t know where to begin though; we’ve got you covered.