• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
CommentaryEntrepreneurs

4 Ways to Avoid Killing Your New Startup

By
Ellen Rubin
Ellen Rubin
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
By
Ellen Rubin
Ellen Rubin
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
March 22, 2016, 9:30 PM ET
550215717
Businesswoman on laptop at window in morning sunPhotograph by Ezra Bailey via Getty Images
Add Fortune on Google for similar content.

The Entrepreneur Insiders network is an online community where the most thoughtful and influential people in America’s startup scene contribute answers to timely questions about entrepreneurship and careers. Today’s answer to the question “What are some common mistakes young entrepreneurs make?” is written by Ellen Rubin, cofounder and CEO of ClearSky Data.

Safety is never guaranteed in the startup world, but entrepreneurs often forget this basic truth. They focus on the success of unicorns without taking into account that private markets are constantly changing, or that all startups are subject to high and low cycles. Preparing for the challenges is critical to your company’s success.

Of course, those challenges are part of what makes being an entrepreneur an experience like no other. It can feel like jumping off of a cliff—thrilling, but ultimately painful if you fail to strap on a parachute first. Managing risks, changing direction as necessary, and ultimately remaining true to yourself can be the basis for a parachute that turns your company’s journey from a dangerous risk into an exciting, successful adventure.

As a repeat entrepreneur, I see the same recurring mistakes and misconceptions take root among entrepreneurs and early-stage startups. If you’re preparing to launch a new business, it’s worth learning which are the most common “startup killers” so you can avoid them. Here’s how:

  1. Throw out the startup playbook

Change is inherent in every industry, but it’s constant for entrepreneurs. Even if you’ve gone through fundraising, recruiting, board management, or a company launch, you can’t expect the process to be the same in a new situation. Entrepreneurs need to relentlessly think in creative ways, expect the unexpected, and adapt quickly.

See also: Yes, it’s Okay to Ask for Help When Starting a Business

This is true not only from one company to another, but from one stage of a business to the next. I’ve watched a startup firsthand evolve through stages of growth. At one company in particular, things that were fundamental to the team’s early-stage success—including relationships, business model assumptions, and methods for problem solving—became irrelevant as the company grew, and were actually harmful in the next stage of business. The shift happened because it became challenging for the original, tightly integrated team to factor in critical information, which was now coming from a broad range of customers, partners, and market signals. Suddenly, the playbook that worked for fast-decision making was no longer appropriate for more complex business challenges, and the company’s leadership needed to create a new playbook that worked for the larger team.

  1. Grow your village, and use it

Mentors are invaluable to the startup process. Invest in relationships during every step of your entrepreneurial journey. Throughout my career, I’ve turned to various mentors for advice, and the value their perspectives and experiences provided is impossible to quantify.

 

Allow a village to help raise your company. You might have one person you call to float technology ideas, another you meet to muse about your career path, and yet another who likes to discuss startup operations over drinks. With a wide network, you’ll give your company greater context and avoid putting too much stake in a primary information source.

  1. Stick to your team’s roots and plan for its growth

Knowing what kind of company you want to start will help guide its culture as it grows. As your team shifts from a handful of people to a few dozen and beyond, remaining true to your original vision for the company’s culture will help you find candidates who perfectly fit the environment, and who can contribute and succeed as the company expands. Often, an ideal culture fit can be more valuable than a candidate with specific technical skills or domain expertise.

My current company prioritized a “culture of achievement” from day one—an environment where team members are individually driven to contribute to the group’s overall goals. There are many models for a successful startup, but ours has helped support our organizational structure and provide consistent employee motivation.

  1. Know your limits

Entrepreneurship isn’t for everyone. If an acquaintance tells me he’s thinking about launching a business while maintaining the safety net of his full-time job, I’m likely to tell him that he might not be ready to face the risks associated with running a startup.

Launching a company requires a solitary mindset that doesn’t always crave approval from others to act on ideas. If you’re serious about your idea, ask yourself, “Am I comfortable feeling like an outsider, taking criticism, and even being called crazy?”

If the answer is no—if you prefer more clarity in your career, and you rely on proof points or reassurance to help guide its trajectory—entrepreneurship might not be right for you. Perhaps you’re interested in supporting a startup in a role other than leadership. In any case, your career will be far stronger for your ability to recognize and amplify your strengths.

However, if you’re ready to jump off the cliff and enter the all-consuming world of being an entrepreneur, get ready to use your parachute: your networks, resources, planning ability, and readiness to soar safely and succeed.

Ellen Rubin is the CEO and cofounder of ClearSky Data. She is an experienced entrepreneur with a record in leading strategy, market positioning, and go-to-market efforts for fast-growing companies.

About the Authors
By Ellen Rubin
See full bioRight Arrow Button Icon
By Bethany Cianciolo
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Commentary

t
CommentaryTariffs
Trump’s third tariff tantrum piles more dizzying distractions on top of ever-spiraling failures
By Jeffrey Sonnenfeld and Steven TianJuly 22, 2026
14 hours ago
orson
CommentaryOpenAI
We got California to intervene about OpenAI’s corporate switch from nonprofit status. It’s time for the SEC to come to the table
By Orson Aguilar and Catherine BracyJuly 22, 2026
15 hours ago
ls
Commentarybooks
Confessions of an award-winning AI memoirist — the ‘slop’ debate isn’t really about good writing, and you know it
By Luke StoffelJuly 22, 2026
16 hours ago
b
Commentarythe future of work
Manpower President: The future of work question that even CEOs can’t answer
By Becky FrankiewiczJuly 22, 2026
16 hours ago
k
Commentarypower
What I keep hearing from Fortune 500 CEOs: ‘We have no idea what we’re actually paying for power’
By Kiran BhatrajuJuly 21, 2026
2 days ago
Bolt CEO Ryan Breslow
CommentaryHuman resources
The CEO who fired HR was right. About the wrong thing.
By KeyAnna SchmiedlJuly 21, 2026
2 days ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
11 hours ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
1 day ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
1 day ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
2 days ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.