In this generation where everyone is coming up with an idea and implementing them with the creation of a startup, very few among them are successful instantly. Most startup suffers its early hiccup after which it may or may not recover depending on the attitude of its owner and a number of other factors. Here, we dissect five very important reasons why the early failure is important for every startup.
You learn to look at needs of the market.
Most startups are actually concerned with building the wrong product. Building the product without actually realizing the need for it in the current market is a very bad move and is one of the reasons why most startup suffers its first hiccup. Most startups do not identify the problem initially. Rather they build a solution looking for a problem. This is why this realization that realizing the problem and actually solving it is the first lesson which a start – up learns after suffering its first failure. And this lesson is indeed very important.