The Startup
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The Startup

I wasted $40k on building a product & how you can avoid it.

How to manage finance for your startup
Image source: Freepik

1. Taking a lot of risks

2. Thinking ads will do everything

how to do google ads
and most of all people tend to ignore ads.

3. Creating a wrong product for a user segment or vice versa

An MVP that solves one problem and is for one particular user segment.

  1. If you see a problem, that you assume has a market, doesn’t mean a product is required for the solution — what will be the biggest scenario for people using it?
  2. If you find that this problem requires a product, go to the place you found the problem first-hand, because most of the time you’ll find initial users close to it.

4. Not knowing how the product will make money

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