ENTREPRENEURIAL TIP #6: Don’t give up!

6. Giving up too soon

Arguably the most important point but certainly the final nail in the failure coffin.

Failing shouldn’t lead to giving up – instead, to learning a lesson and using that knowledge to move forward. We go into this in more detail in the single lesson from Silicon Valley piece so here we’ll simply cite Thomas Edison’s well-worn quote – “I have not failed. I’ve just found 10,000 ways that won’t work.”

There are many hurdles to overcome in creating a successful business but these are the six most common we encounter among the startups we help and how you can avoid making them too.

That was the last tip from ‘The 6 Mistakes That Startups Make’- authored by Maulik Sailor, founder Innovify & Vikas Agarwal, co-founder Innovify and featured on Real Business.

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.