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Biggest challenge as a founder?
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Abhinav Sharma
Finding right team or what?
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The biggest challenge I've faced as a founder is striking the right balance between product development and user acquisition; it's a dance of allocating resources effectively while ensuring we're meeting market needs. Additionally, maintaining the team's motivation and focus during the inevitable ups and downs can be just as demanding as any strategic business decision.
The biggest challenge I've faced as a founder is striking the right balance between product development and user acquisition; it's a dance between perfecting the product and getting it into users' hands. Learning to delegate effectively has been key to overcoming this and driving growth.
Building the right team! Getting this wrong always kill a startup before it even sense profitability... hahaha
Finding the right team for sure. I've spent too much time finding the right co-founders. It's not an easy grit.
The biggest challenge I've faced has been balancing innovation with practicality. There's always this push to break new ground, but it's crucial to stay grounded and ensure that your ideas are feasible and marketable.
It’s the same in many industries. Even when creative writing, pitching both “safe” and “new” concepts have their risks. Balancing creativity with audience appeal was key.
What’s the general feeling? In the current climate, do people think it's more challenging to innovate or to find the right market to innovate in, or to remain safe?
Finding the team with right attitude for sure, as well as finding and managing the resources efficiently.
For me, dealing with marketing and advertising is challenging. As a technical person, I can build things, but figuring out how to sell them is difficult.
Starting a business involves a great deal of uncertainty and risk. Market conditions, competition, and economic factors can change rapidly, making it challenging to predict outcomes accurately.
Assembling a competent and cohesive team is essential for success. Finding the right talent, creating a positive company culture, and addressing interpersonal dynamics are ongoing challenges.
It's crucial to strike a balance between short-term objectives (such as meeting immediate financial needs) and long-term goals (such as building brand equity and sustainable growth).