5. Founders often start with a great idea and think they have everything to make it a success. However, there’s only so much one can do and they need different skills to deal with different aspects of the business.
At times, all a founder brings to the table is just the idea and possibly some passion. However, ideas are worthless and passion can wither away with the first failure.
They don’t bring any leadership or resources; they can’t get anything done and, eventually, always rely on others to get things done.
Such founders are actually detrimental to their own success and their founding team would eventually move away to work on something better.
Innovify is an end to end digital product management company with a focus on startups. To learn more tips about avoiding the mistakes that startups make, read here.