05 Feb The Productivity Killers of Start-Ups – Fatigue and Improper Resource Allocation
Yes, you heard it right. Start-up entrepreneurship is not as rosy as it sounds. Everybody’s talking about the start-ups but believe me it is not easy and that is the reason not many people get into it or they fail because they cannot absorb the pressure and long working hours.
Make sure you have regular timeouts/breaks to get your mental and physical balance back and which will ensure handling fatigue as well. Taking short breaks are as important as working long stressful working schedules.
Most of the start-ups, to my knowledge so far, have resource crunch. The challenge is to ensure product development, market development and operations go on smoothly with the very limited amount of resources that these start-ups have. Well, there is no way out unless you carefully manage your money, technology, time and people so that you make best use of every single resource that you have.
I would suggest that the start-up entrepreneurs should do some basic costing before they jump on to any critical decision. I have seen many great ideas fail due to this. Create a list of all resources that you have and identify what kind of utilization will help you fetch maximum benefit out of them. This simple exercise will help you avoid many roadblocks down the lane.