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Vedant SD

Finance Geek | Conte... • 11m

Day 55: BLR Startup Pitfalls: Avoiding Common Traps The Bengaluru startup scene is full of promise, but it's also riddled with pitfalls. Here's how to navigate the challenges: * Market Mismatch: Validate your product-market fit before diving in headfirst. Ensure your solution addresses a real customer need. * Team Troubles: Build a team that shares your vision and values. Avoid hiring solely based on skills without considering cultural fit. * Cash Flow Crisis: Manage your finances tightly. Track expenses, forecast revenue, and secure sufficient funding to avoid cash flow crunches. * Growth Over Substance: Prioritize quality over quantity. Focus on building a strong foundation before scaling too quickly. * Pivot or Perish: Be prepared to pivot if your initial idea doesn't gain traction. Flexibility is key in the startup world. * Ignorance of Law & Regulations: Understand legal and regulatory requirements to avoid costly mistakes. * Neglecting Customer Feedback DYOR 😅

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Cash flow management and control is one of the biggest pain points of startup founders, stakeholders and CFOs. Would you like try out an AI Copilot that enables you manage and control your cash flows and manage your finance team through approval work

Yes

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Not a Pain Point

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