In the current situation, that has prevailed all over recently, startups are looking to survive through cutting costs and refocusing on profitability through a different approach. A list of tips has been put up by a dedicated team, that is seemingly sufficient to put a startup on the right track:
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If being a business person is not your goal find a business partner immediately.
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Consult anyone you know that has run a earnings-based business.
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Spend your money when it’s in the bank, not when the deal is agreed to (or never count your chickens before they hatch).
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Spend at least 50% of your time selling.
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Know thy accounts!
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Prove your revenue models before investing in them.
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Don’t lie to yourself.
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Fail fast.
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Hire slow and fire fast.
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Be frugal about everything.
