What mistakes should you avoid when hiring for an early stage startup?

Since early stage start-ups are still a work in progress, it is easy to make mistakes. The biggest problem arises when one hires an incompetent team since a start-up is a team driven force. An incompetent team acts as a liability, and can often be a deterrent to funding and gaining the investors' trust. Start-ups in their early stage can often be misinformed. A start-up can be adversely affected when their products or services are launched during an importune moment. Early stage startups may also mistakenly handle the incoming cash. It is best to keep updating one self with the current global trends and to have some back up plans.

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