5 Tips for Making Sure Your Startup Doesn’t Fail

Many entrepreneurs call their startup business their “baby.” When you take a look at the time people put into their businesses, it’s no wonder. Your startup is a reflection of your biggest aspirations. And nothing is better than watching those aspirations bloom into a tangible, booming enterprise. With that being said, nothing is worse than watching it fail. Make sure your startup blossoms instead of breaks with these five tips.

1. Find the Team That’s Right for You

As much as you might want to, you can’t run your business by yourself. You need a team. A team that will help lift you and your business up; a team that’s just as passionate about your startup as you are. Be sure to vocalize your own passion for your business, too. Your passion is often the spark that lights the fire in your employees.

Once you’ve found the right team, “Get out of the way.” “Hire great people . . . then get out of their way. You should strive to hire people who are smarter than you and, if you succeed, they will get irritated when you get in their way. Delegate and keep your eye on the important stuff,” said Shamir Karkal, co-founder of Simple.

2. Listen to Your Customers

Listen to your customers from the very beginning. They’ll be the first to tell you the good and the bad about your business. By engaging with them through customer service or keeping tabs on customer reviews with sites like Yelp, you’ll be able to put your business’s best foot forward. This also builds a “customer fan base,” to “engage and nurture” them into advocates, said a CEO of Backblaze on TNW News.

More: http://www.blogtrepreneur.com/2015/09/09/5-tips-for-making-sure-your-startup-doesnt-fail/