5 Tips for Jumping Startup Hurdles

We live in a time when startups are sprouting left, right and center. It’s an era when you need the least that you’ve ever needed to turn your little germ of an idea into a huge, profitable company.

That being said, with all of the problem-solving solutions that have been offered to us comes a whole new set of variables and with those a whole new set of hurdles to jump. There are still some of the core challenges of embarking on the difficult and intense task of managing a startup along with a few fresh problems. It’s important that you are aware of the potential issues before they arise so that you are best equipped to tackle them head on and ensure that none of them lead to anything which might threaten the survival of your startup. Because, it’s worth saying, startups can go down just as easily as they come up.

So, without further ado, here are 5 tips for giving your startup the best chance possible.

1. Put Together The Right Team

This is a lot easier said than done, but it is an example of a piece of business advice which has always been the case and will always be the case (until A.I. takes over!). People are a huge part of companies, but for startups, it’s often all they have. An effective startup team will have the right balance of subservience and ability to question decisions.

As the founder of a startup, you don’t want a group of people who are so uninvested in the company that they do everything you say without question. “The ‘yes-men’ culture can lead to a company’s downfall. You have to be able to have constructive back and forths over your ideas, it will make you and your team think faster and sharper”, writes Adam Johannsson, entrepreneur at Lastminutewriting and Writinity.

Similarly, it’s a bad idea to have a group too willing to give criticism or fight back at your decisions. This can lead to stagnation in progress and a breakdown in communication. You have to be able to trust your team and, on days when you’re otherwise occupied, you have to be able to rely on them to shoulder the burden. Getting the right team together will make your life so much easier in the long run.

2. Foster The Right Culture

Employees and potential customers both have strong opinions about a company’s culture. We are far beyond the days of companies working their employees into the ground in dreary environments. Similarly, any hint of institutionalized sexism, racism, ableism, or ageism will have serious consequences for your business. There is even evidence to suggest that the culture you create is more important to employees than their compensation. Now, some of this is simply cultural changes that you ought to go with to attract good employees.

But, in another sense, there is a lot of evidence that it actually boosts productivity and improves results if you have a work environment and atmosphere which it’s positive and flexible. Allow employees to work from home from time to time, design your office space well, for comfort and health.

3. Be Wise About Outsourcing

One of the fantastic things about the modern age is the opportunity presented to you for offloading work affordable to people who you never meet or personally interact with. Freelancing is such a huge asset to a company now that technology allows you to transfer files and communicate instantly via facetime and instant messaging services. In a strange sense, almost everything you could possibly want to have happened could be completed remotely. However, there are reasons to be cautious. “Outsourcing work for your startup is great”, says Isaac Jacobson, tech writer at DraftBeyond and ResearchPapersUK. “However, when you hire people in on bit jobs, they have no idea of your overall plan, they aren’t invested in the company at all and they see you as one client in hundreds.”

This can be particularly problematic with a startup where so much of your company relies on belief and trust. You need employees to be doing their best work because they care about the future of your company. And you need them to see how they factor in an overarching scheme so that their work is motivated and directed by a sense that they are a part of the whole rather than some isolated unit.

4. Looking After Yourself

Whilst heading up a startup can be an absolute dream come true, and a satisfying opportunity to see the designs of your mind played out on the big stage, it can also be something of a nightmare, at least sometimes. You absolutely have to be prepared for the moments when everything feels like it’s going to fall apart, and no-one has any faith in your product or service. Knowing those moments will come is the first step towards being prepared for them.

The second step is making sure that you are in the right shape to deal with them. You will be the company’s heartbeat, but you ought to have flexibility built into the company that allows you to step away and for things to still be managed efficiently. You might get sick, you might run into personal issues or you might just need to focus on one aspect of the startup which takes your focus away. Make sure you give yourself the room to breathe and don’t drive yourself into the ground. The startup’s future could depend on it.

5. Funding

Sadly, most of your future does tend to come down to money. It’s an unavoidable element of the startup world. Startups run into money problems far more than established companies for obvious reasons, but it also means that if you can get it right then you’ll be in a far better place than a lot of your competitors. The key to it is very vigilant pricing and cost estimation alongside a fairly conservative spending policy.

Costs at a lot of modern startups tend to balloon. A lot of this tends to be in relation to trying to create a work environment pleasant. It’s great to have a good office, but maybe not everyone on the staff needs a work iPad. Factor in a fallout buffer-zone between your costs and the funding you need to ensure that, even if things do end up costing a bit more than expected, you are able to handle it. If you’re intelligent about the prep for this, you will probably avoid any major mishaps.

Conclusion

Running a startup is great: it lets you be your own boss, crafting everything from company culture to product and service marketing. The key is vigilant preparation and employee relationships. Once you have managed to get a trustworthy, efficient team together and made the myriad of plans you need, you’ll be well on the road to making a success of your startup.

Harry Conley

Harry Conley

Harry Conley is a content writer at https://luckyassignments.com/ and https://gumessays.com/ He develops training and manages the work flow to provide writers with supplemental or support instruction.
Harry Conley

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