Everything comes with a few aspects that are- merits, demerits, and myths. And don’t you think that startups are also surrounded by so many myths. Many times, entrepreneurs taste the failure because they believed the prevalent myths. There are plenty of predetermined notions, typecasts, clichés, and common-sense knowledge about startups that are entirely false. Kassem Mohamad Ajami is here with some of the myths that are related to startups.
- It is necessary to have deadlines: It’s daunting to look for companies, new or old, that don’t have deadlines. It’s in the business culture to determine deadlines. If you can stick to deadlines, then feel free to make some of them. Don’t force your employees to stick to them because doing so can sometimes discourage them from performing well. It is necessary to help everyone on the team.
- You don’t need company culture at the beginning: Your Company has just started. You have just started out. What you require currently is customers, marketing techniques, and beautiful code. Establishing a company culture from Day 1 was one of the most quintessential elements.
You have to work a lot: One of the most prevalent beliefs about startup life is that it is going to be a depressed one. You have to spend day and night in the office, fuelled by energy drinks and pizza. It is not necessary to spend crazy work hours. You can have a nice and relaxing routine. You don’t need to sacrifice your today for your tomorrow.
You can’t earn money until you become big: Making money in the initial stage of your business is generally associated with wrong methods. People will say that you are doing it wrong. If you’re paying attention to monetization at the beginning, then you’re not paying all of your attention on development, which is the most essential element for a startup. On the contrary, there’s nothing better for a startup than making money when your business is on the initial phase.