One of the more obvious reasons for failure of #startups is lack of #skills. But if it is so obvious, why do startups still fail because of it?
The #founders usually underestimate the complexity of doing business - if they are experts in the product, they think a good product is enough but fail to realise the need to market it - or overestimate their capabilities. With the ever changing world, it becomes difficult to keep a track and understand the holistic impact of changing trends and hence could make a successful product irrelevant in very little time. In some cases, founders also have a challenge is delegating or adding co-founders to the team - it is like giving away a piece of themselves and they'd rather fail trying than to do that.
So how does #RBC come into the picture. Even with our #FREE assessment, we do a quick check on the team and identify glaring gaps. Once we engage with a client, we do a thorough competency analysis to understand the needs and gaps. We also provide advice on whether adding team members is critical or one can skill up and manage. In case there is a short term issue that needs to be addressed, we also provide fractional CXOs. So if you are facing a marketing roadblock, a CMO will be assigned to you for a short period of time to help you overcome the obstacle without giving up too much of your company.
If this post resonates with you or someone you know, feel free to tag them and reach out to our team for the free assessment
#racehorsebusinessconsulting #entrepreneur #hardwork #success #coaching #mentoring #fundraising