Adam Clarke on the Usual Startup Mistakes

Building a startup is hard. Facing the challenge of building your company from scratch, managing finances and hiring employees on tight budgets - even when you have an incredible idea sounds like it might just be too much for some people! Hear all about the challenges straight from Macropay’s Adam Clarke.

Intro to Startup

Startups are the forefronts of progress, always striving to create something better than what's out there. They want that perfect product or service which will make society as whole happier and more fulfilled—generating eye-popping valuations leading up until their IPO day where they can return massive profits back into business ownership.

Usual Mistakes in Startup

New startups are faced with many challenges, and it's not uncommon for new entrepreneurs to make mistakes when they're just starting out. Whether you've been in business for a few months or have tons of experience under your belt-let us take an analytical look at some common errors in business.

The Founder is the All Around Man

The road to startup success is filled with many obstacles. You need someone who will believe in your idea and help you take it from a vision, through planning and execution—to finally see that dream come true!

Sometimes the highs and lows, along with some tasks that few can undertake alone often make it hard to continue on without another person's skills or abilities.

I Will Cross the Bridge When I Get There

Startups are tough. You have to be determined and willing to put in the hard work it takes, but with some key tools at your disposal you can get through anything! One such tool that's been proven again and again as an integral part for startups looking towards success is a Business Plan.

A sound business plan determines every aspect about how you will run things and the kind of products you will offer down the line.

I Can Spend as Much as I Earn

When you're starting your own business, money becomes an important factor and needs careful handling. One of the biggest mistakes is spending too much which may happen when entrepreneurs get eager to hire people for their company but end up overspending on them because they don't know how many employees are really needed.

However, another major mistake is to spend company funds everytime you see the profits increasing.

Adam Clarke & Macropay