twentyCAT event 14/5/2011

1. Why do start­ups fail?
Mohamad Safwat

2. My Story

3. Reason 1
No clear vision of the start­up.

4. Reason 2
You don't have a real product or service.
You don't even imagine the prototype of
the product.

5. Reason 3
You don't have a competitive advantage.
You are a copier.

6. Reason 4
You don't target a type of customers.

9. Reason 5
Wasting time in business plans.
Running after VCs.

10. Reason 6
You don't have the knowledge.
You don't have the resources.
You don't know how to get those resources.

11. Reason 7
You work with non­reliable lazy team.
You accept everyone.

12. Reason 8
Your team members have other commitments.
Your team members are not passionate.

13. Reason 9
You are looking for money only.

14. Reason 10
You live in 'Dream Park', and still want to.

15. Reason 11
You are not practical about your calculations.
Tip : You need less than what you think.

16. Reason 12
You want to grow rapidly.
Small is not a step, it's a destination.

17. Reason 13
You don't say NO.
Tip : Scratch your own itch.
Make a game that you enjoy.

18. Reason 14
You don't believe in your idea.

19. Reason 15
You over do your plans.

20. Reason 16
You don't know how to get profit.
Business or Hobby?

21. Reason 17
Mixing enthusiasm with Priorities.

22. More Tips
Accomplish small victories.

23. More Tips
Don't worry about the competition.

24. Thanks!