Top ten Entrepreneur mistakes

Rosalind Reslink, the business consultant listed the top ten mistakes made by the start-up entrepreneurs. The youthful inexperience is one of the main obstacle in this. But the start-up entrepreneurs should known about these these things that may help them to avoid from these mistakes. The young entrepreneurs, they have few to lose and everything to gain. According to a recent survey report, the young entrepreneurs makes unique mistakes when they starting a business. By concentrating the solution of these mistakes they surely win in their business in their life.




The top 10 mistakes made by start-up entrepreneurs that are pointed by Reslink are,

  • Doing the business with alone.
  • Asking too many people for advise.
  • Spending too much time on product development, not on sales.
  • Targeting too small a market.
  • Entering market with no distribution partner.
  • Overpaying for customers.
  • Raising too little capital.
  • Raising too much capital.
  • Not having a business plan.
  • Over thinking your business plan.


General mistakes:


There are some general mistakes makes by the entrepreneurs, these must be avoided.

  • Not enough networking.
  • Not prepared for the workload.
  • Lack of confidence.
  • Afraid to ask family and friends for help.
  • Unwillingness to learn what need to be done.
  • Losing a key staff member.
  • Choosing the wrong staff member.
  • Not adapting fast enough to changing technology.
  • Not keeping up with the latest business tools.
  • Setting up offices in other states or overseas too early in the development of the company.


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3 comments:

TriForce September 17, 2010 at 6:58 PM  

Hey I really love this article. It learns a lot while thinking of a business or already starting one. Thanks for sharing such an incredible post... Keep up the good work... congrats... :)

TriForce September 17, 2010 at 7:03 PM  

And now I am going to bookmark this one... :-)

Author October 7, 2010 at 11:58 PM  

@TriForce: Thank you for your like and bookmarking. Hope this article is useful for everyone.

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