How NOT to Motivate Startups?

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A few days back a good friend of mine a promising young Professor sent me this picture.

This is a perfect example of how not to motivate Startup founders.

I texted back – All Wrong.

The good Professor has not texted back.

Let us take each one.

Mistake #1

No Plan.

All startups founders have a plan. They won’t reveal it unless the listener has their trust. Please note all startup founders are smart.

Further, no human will reveal an idea if they are even 50% sure they have a good chance of earning money.

Mistake #2

Spending too much money.

There is no such thing as too much money. He/she will spend if there is a perceived gain. Too much money or too little is a grandma approach.

Mistake #3

Expecting fast results.

Startup founders should expect fast results. He is not a scientist!

Mistake #4

Hiring too soon.

Most silly. The market forces will determine the timing.

Mistake #5

Not surveying potential clients.

Surveys cost money. A client needs a product to test. Or a proof of concept to respond.

Mistake #6

Copying others. Startups should be ready to copy what is good for them.

Mistake #7

Not passionate about business.

Mistake #8

Doing it alone.

Why not?

Mistake #9

Thinking busy is being productive.

Youngsters of today are smart enough for recognizing this.

Mistake #10

Not starting today. I really think the person or persons who created this list are amateurs’.

Now that I have given my critical comments on the above list it is my responsibility to give my list.

Mistake #1

Not having a Dronacharya.

Mistake #2

Not brave to take risks.

Mistake #3

Not willing to back themselves up.

Mistake #4

Being shy of earning big money.

Mistake #5

Not willing to share. Not having a plan to share.

Mistake #6

Not willing to Copy.

Mistake #7

Not trusting Professors and not knowing how to utilize their expertise. Not giving back to college.

Mistake #8

No understanding of the Growth as defined today.

Mistake #9

Not factoring VC interest.

Mistake #10

Not orienting startup towards AI.

Want to know how to increase startups in your Engineering College.

https://progic.in/increase-student-startups-dramatically-with-6-point-formula/
https://progic.in/how-to-create-a-vibrant-startup-culture-in-a-college/

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