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My Startup is failing – What should I do?

11 点作者 mohameddev将近 7 年前

1 comment

ohiovr将近 7 年前
Looks like some pretty good comments in there. I&#x27;ll offer my comment even though I&#x27;m not exactly a success either at this point. The most important thing I think you should do is to learn why this enterprise isn&#x27;t working out and try to document it to examine it at a later time. Failure is the not an option, it is the default option actually. So it takes a special angle to make things work long enough to be worth while. Tear everything down in your head, look at it from beginning to end. Where was the problem? Craig&#x27;s comment might be the biggest issue and that is that the original concept of the business may be the problem.<p>If that is the case, then 4 months is not going to be enough time for you to &quot;pivot&quot; to something different, or something completely different.<p>But you could shut down and lay off all your employees. If you are a developer, you could manage the website or whatever and make some beer money. I would not take on debt the risk is way to great for the reward.<p>What you need is time. If you have no employees, that time can be vastly extended. Slash your expenses. Be honest with yourself; can you even maintain your business with existing sales (if any) by your self. If not, might be a good time to get out and shut everything down.<p>And next time start with the idea of crushing expenses. Teach yourself to write software if you don&#x27;t already. You need to create something that provides value. The GDPR thing at least as you approached it didn&#x27;t have enough value. Either that or sales and marketing couldn&#x27;t make it go. Some ideas just don&#x27;t have merit and have to be abandoned. Edit: should mention that I&#x27;ve abandoned several ideas. Though I did get lucky with some of them for a while.