Mistakes most start-up entrepreneurs make and how to avoid them
Knowledge tells us that it is pretty easy and more convenient to learn from the mistakes of others, learning from the mistakes of other people prevent us from falling into a similar trap. Although there are some lessons that only experience can teach when it comes to entrepreneurial journey, it is only wise to listen to what other people who have moved through a similar part has to say to us.
The pit holes to avoid.
Entrepreneurs who are new to the business world usually make the mistake of quitting early in life, maybe because the road is not as smooth as they expect it to be, any rough patch they experience just makes them loose hope in their ability to continue and they give up.
Trying to ignore the position of a sales person too early, the only thing that brings profit to a business is sales and that is the part every entrepreneur should be more concerned about. When the sales position is left in the hand of another person completely at the early business stage, there might be a problem. A new business requires that you take over the sales corner, businesses die early because the entrepreneurs are so much in a haste to take the position of the CEO rather than concentrate on making sales.
New entrepreneurs are usually naïve and they try to take advice from almost everyone around them because they just want to please everyone. Taking advice from everyone will leave you as a confused person and now you may say but I need advice, who then should I listen to? The best person to take advice from in your entrepreneurial journey, is a person who has moved through a similar route as yours and is able to mentor you through the required path your business needs.
New entrepreneurs always want to make things work and most times they pressurize their staff to provide a result that might not be attainable easily, as an entrepreneur you have to be realistic and often put yourself in the position of those you employ before you assign difficult task to them, this does not mean you should take lesser result from them anyways.
Most entrepreneurs make the mistake of spending lavishly on their personal lives at an early stage, the rule to remain in business is to continually put in money into business and expanding, so while you want to liv a large life and show your friends that business is doing well, remember the need to remain in business.
@ireti yes you are right entrepreneur after getting funds start spending lavishly which in terms in future make them in loss.
Thank you, if these entrepreneurs could just learn from these constant mistake and make amends then it will be better.
Countless mistakes are been made but entrepreneurs, and sometimes, they don't review their own or others mistakes to learn, they only laugh at others who fell just to overtake them, forgotten that everyday is meant to learn.
If only humans generally could learn from the mistakes of others rather than just making jest of them.
Yes, you are right, many people decide to learn from the mistakes of others, but it is always good to learn from our own mistakes. To be an entrepreneur we must have knowledge of what we do and it is good to know about the experiences of others. In this way, the error that can be made is very low.
Thanks for the contribution @lanzjoseg.
@tipu curate
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