5 Startup Red Flags to Steer Clear Of
5 Startup Red Flags to Steer Clear OfStarting a new business can be exciting.Unfortunately, many new businesses fail because entrepreneurs make common mistakes that ruin their startup’s chance at success.Among the most common mistakes to avoid:1. Not Identifying an Appropriate MarketIdentifying your market is crucial to the future of your business. Find a balance between being too general and having too specific of a niche.For example, if you open a business that offers general services, you might stand out from the competition and might not be able to meet the needs of customers looking for something specific.However, if your business becomes too specialized, your narrow niche might not have a big enough market to sustain the business.Your target market ...
