iNM Volume 7 | Page 51

iNM Magazine Volume 7 | August 2015 Alumni Speaks Avoid the Mistakes as an Entrepreneur that can kill your start up Ÿ Choosing the wrong platform Ÿ Not wanting to get your hands dirty Ÿ Marginal Niche Ÿ Dependency on Employees Ÿ Derivative idea Ÿ Bad Location Ÿ Slowness in Launching Ÿ Hiring Bad Programmers Ÿ Launching too early Ÿ Raising little Money Ÿ Poor investor management Ÿ Spending too Much Ÿ Having no specific user in mind Ÿ Fights between founders Ÿ Expectation of profits in early stages 44