What are the most competitive verticals that any new Startup should avoid?
Many new businesses collapse due to lack of clear knowledge on things which have to be avoided as a startup. It’s a great idea to learn from other’s mistakes and set ourselves up for success.
I would like to know the most competitive verticals that any new Startup should avoid and why is this important?
One thing for sure, School Management Software vertical is an over-crowded domain. Every other individual or startup, coming fresh out of college, knows nothing other than School Management ERP, and that’s what they try to build.
In addition, post the success of 3 Idiots movie, every other IIT grad is getting into building Drones. Don’t get into these 2 domains for now.
Aerated Drinks is a very competitive vertical, so is Mobile Phone Manufacturing. If you have very deep pockets and very generous investors, only then dare to start up for these 2 verticals.
