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Ketan Sojitra SMEDOST
•
Gujarathi Empire Group • 3m
Building a startup before generating revenue is all about …. 100% Fear of failing and that intense pressure of succeeding… Good Things? You are not alone… Every successful founder has faced these hurdles... Here are 3 most common challenges every founder faced and how to navigate them: #1 Challenge: Attracting top talent without a budget The problem: investors want traction, but how do you show it without revenue? What to do: 1) Highlights other forms of traction: user growth, waitlists or partnership. 2) Develop a strong pitch that shows market potential and your clear path to monetization. #2 Challenge: Managing costs with limited resources The Problem: You are bootstrapped and every penny counts. What to do: 1) Prioritize spending on critical area like MVP development and marketing experiments. 2) Leverage free or affordable tools to reduce costs. #3 Challenge: Managing costs with limited resources. The Problem: Great talent is expensive, but your budget is tight. What to do: 1) Offer equity or differed compensation to align incentives. 2) Focus on hiring passionate individuals who believe in your mission. Striving pre-revenue isn’t easy- but it’s not impossible. With the right strategies, you can push through! Need help preparing for your funding journey? We specialize in helping founders like you connect with the right investors and raise successfully.. DM for more information about steps to success the startup.
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