About more than 25% of the world population is determined as “Youth” under 35 years age. And millions of them are either already entrepreneurs or are dreaming and aspiring to be entrepreneurs. They have an ample amount of energy and determination. They have an undying source of potential. They have brain full of brightest of the bright ideas. But did you know that 90% of the startups fail? And you don’t want to be one of them. Right?
GBCORP have worked closely with the founding teams of over 63 startups (and counting) and have seen them struggle and fumble. But with the right approach and directions provided by GBCORP, most of these companies have “floated” above these challenges. While working with these companies, over the period of many years, GBCORP has mastered the skill of how to soar your business above all these clouds of obstacles.
Here is our compilation of the most common mistakes that entrepreneurs make and could be avoided with GBCORP services.
Mistake 1: NOT UNDERSTANDING THE NEEDS OF THE USERS
“Life’s too short to build something nobody wants. “- Ash Maury
The solution: WORK IN CLOSE TANDEM WITH USERS
At GBCORP we believe that to increase the success rate of startups, you need to focus on customer first, much before entering the territory. We call it “customer development”. Our principle is “Work in close tandem with users”. GBCORP believes that there are no facts inside the building. You need to go out and talk to users as much as you can to move forward, even if it requires you to do things beyond your product/process scope. We, at GBCORP, provide you a complete hand-holding and walk your business past this phase. Be it initial market research, sales and marketing or after launch product feedback, GBCORP and their business rock stars are at your disposal.
Mistake 2: LACK OF FOCUS.
“Lack of direction, not lack of time, is the problem. We all have twenty-four hour days.”- Zig Ziglar
The solution: BUILD A STRONG CUSTOMER BASE IN THE REGION YOU OPERATE IN.
The far and wide reach of GBCORP has enrooted a strong and sustainable business network. GBCORP provides you the direction and hence, THE FOCUS that your business really seeks. Our well-established BBPs (best business practices) coach you for the best utilization of your available time and steers your business in the direction towards the dream business that you have always aspired for.
Mistake 3: BEING A ONE-PERSON TEAM.
“Individuals don’t build great companies, teams do.”- Mark Suster
The solution: HIPSTER. HACKER. HUSTLER.
At GBCORP, we believe that there are three essential things to create a good startup.
- Make something customers actually want
- Good team
- Spend as little money as possible
In other words, you need a HIPSTER: who can help create a good product for you, a HACKER: who can furnish you the best hacks or solutions for your products to succeed, and a HUSTLER: who can market and sell the products for you. For all the above three essentials, GBCORP comes to a rescue. With the vivid offerings in all round business solutions, be it registration of your business, finding spaces and staffing or saving money via smart accounting and financing, GBCORP can equip you with the armors that your business needs, to survive and thrive in this highly competitive business era.
