"If you are thinking about starting your first real business, get ready to embark on the most treacherous, exciting, rewarding, and infuriating journey of your life."
The life a new entrepreneur is one of constant problem solving, careful planning, and ruthless execution.In order to better prepare you for what lies ahead, we have compiled a guide to avoiding six crucial mistakes that junk businesses before they leave quarter one.
The "Great Idea" Business
Before putting an ounce of energy into creating your product, you need to identify your target market and understand why they will want what you sell
Not Being Willing to Change
SmallBusinessBranding reminds us that listening to your market and adapting to the needs your customers express is an important part of running a successful company.
Waiting to Start
Having no funding gives new founders a comfortable excuse to delay diving in and immersing themselves in their company, which can make the whole thing look and feel a lot less serious
Being Penny Wise and Pound Foolish
As a new entrepreneur with the best interest of your organization in mind, understand that it doesn't pay to pinch pennies where they truly count.
Not Setting Deadlines
Without deadlines, the effort required to complete a task is either overestimated or under-appreciated, and so the founder goes ok chipping away at it like a brick of ice rather than buckling down conquering the whole project.
5 comments:
This is the good articles for the new entreprenurs, really its a good one
Can you give tell me about which is upgoing in market field
give information regarding students not on buisness and market this is students blog
this is good article, there is some thing to learn from this
This article is fine, but as a technical student I need articles related to latest technology
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