2. Poor Management team
Visionary managers understand that for a startup to thrive, it must focus on value creation before profits.
Today’s profit-motivated entrepreneurs find it easy to gather a team of freelance developers on Upwork or Fiverr to make their product but once the product is past its concept stage they realize that a lot more time, money, patience and industry is still needed before it could be profitable. Disappointed, they abandon the project.
Hubspot was founded in 2006 at MIT, yet when CMO Mike Volpe was asked in 2010 whether or not the company was profitable, he gave a remarkable reply:
12
56 reads
CURATED FROM
IDEAS CURATED BY
Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.
These ideas contain valuable advise for small business and tech startups.
“
The idea is part of this collection:
Learn more about entrepreneurship with this collection
How to create customer-centric strategies
The importance of empathy in customer success
The impact of customer success on business growth
Related collections
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates