Most common mistakes of first time entrepreneurs

This post was inspired by a question on Quora “What are the most common mistakes first time entrepreneurs make?”. If seen these mistakes over and over again:

  1. Trying to be the nice guy – instead selfishly execute your vision because nobody will if not you.
  2. Being fearful, avoiding risks – instead stand up and be bold
  3. Looking what other startups do, investors want, media pushes – instead explore your very own path
  4. Doing everything yourself because it is “faster” – instead share and delegate
  5. Trusting you need money to do what you want to do – instead find other ways to make it happen
  6. Hiding your vision because of you are insecure – instead spread it wide and loud
  7. Believing you know what your customers want because you want it – instead let go and listen
  8. Wasting time by create a plan B – instead make sure you have a single robust plan
  9. Ask your friends what they think – instead ask your target audience
  10. Enjoying being your own boss – instead be the servant of your market
Share
Previous 10 different ways to get money for startups
Next The initial value of an idea is zero

About author

You might also like

Events 0 Comments

Society3 on Asia Roadshow

The two founders of Society3 and the World Innovations Forum, Axel and Marita will be visiting ambassadors in 8 countries in Asia, co-organize local “Entrepreneurs Night Events” and explore key

Share
Investing 0 Comments

Changing the innovation paradigm

Innovation gets funded with billions of $ all across the world. Hundreds of thousands of startups get founded every year. Yet 90% of the inventions, patented ideas, startups and corporate

Share
Accelerator 0 Comments

Advanced Entrepreneurship

Advanced Entrepreneurship OK,  you’ve had an idea, you filled in your business model canvas template, wrote a business plan using other templates, you experimented with all kinds of ideas and

Share

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply