In India, startup #Founders waste time doing the following :
1. Reading every PR of #funding thinking they will also become quick rich. (Most of the PR are paid and they don’t check how much money has been actually invested or in the bank.)
2. Chasing Investors who says “I like your idea but I am travelling, will surely fund your idea” (after 1 year, they are still in touch but no fund in the bank).
3. Attending every startup event for advice. Ask same question (how can i …) to all senior people and made all of them mentors 😉
4. Spending too much time on Social Media and forgetting the Target Customer.
5. Giving Advice 😉 that’s really consume time as you really want others to learn from them.
6. Become a SPEAKER before “unrelated” audiences.
7. Taking interviews. Even this is must but consumes lots of time and #business may get slow when founder spend too much time on hiring.
8. Resolving disputes between co-founders.
When i launched (MeriCAR.com) in 2008, there was no revenue for first two years and i wasted lots of time doing similar things till an investor from Mumbai asked me 10 questions in the email and I replied in a minute and he found it interesting and my startup was funded within 3 months. Smart #Investors don’t take much time.
Even founders waste lots of time doing many things, but this is how they LEARN.
#Entrepreneurship is a journey and 90% startups get failed and they lack MOTIVATION just because of society don’t accept entrepreneurship as a career so they need to spend TIME here and there for motivation.
You would surely not waste time if you read my 2nd and recent new book ( goo.gl/PGX4hp ) that will tell you how to use Facebook and #SocialMedia for your success.
All the best for your journey!