What do you think? An entrepreneur who is thinking of making some big plan, be it in any field, what can he learn from Byjus about what not to do? Because today a billion dollar company is on the verge of closing down, so what can be learnt?
entrepr
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Anonymous 7
Hey I am on Medial • 6m
Entrepreneurs should be cautious about scaling too quickly and ensure their product truly meets customer needs
0 replies1 like
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Most prominent reason why startups with great ideas fail? Given below or other reasons like scaling up too quickly or bad timing.
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What’s Your Biggest Challenge? 🤔
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Thakur Ambuj Singh
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🛒 Understanding Customer Needs: Gains, Pains & Risks
A customer profile includes three key elements:
✅ Gains – The benefits customers seek from a product.
⚠️ Pains – The discomforts they want to eliminate.
🔍 Risks – The uncertainties they try to
Why does a startup fail?
1. Lack of Market Need
The product or service doesn’t solve a real problem or isn’t something people are willing to pay for.
Poor market research leads to misjudging customer demand.
2. Running Out of Money
Startups oft
