How to Destroy a Multimillion Dollar Company in 10 Seconds

 It takes years to build a multimillion-dollar company. Destroying it? That can take 10 seconds. Not due to stock market crashes or accidents, but due to poor choices, made in haste, frequently over and over again, and sometimes unconsciously.

Let’s get real: companies don’t collapse due to a lack of ideas. They collapse due to execution getting derailed, by ego, speed, misaligned incentives, or bad judgment. If you’re starting a company and you want it to last, these are the fatal mistakes that can doom your ship in no time.

1. Saying Yes to Everything
The simplest method to dilute your business is by attempting to be everything to everybody. Feature creep, pursuing every customer segment, expanding out of FOMO instead of strategy, these actions do not simply slow you down, they break your focus.

Prioritization is how you take great ideas and create mediocre products.

Source: <<https://sunilbajaj.in/resources/blog/how-to-destroy-a-multimillion-dollar-company-in-10-seconds/