9 mistakes novice entrepreneur

How not to fall at the beginning of entrepreneurial activity. It is always better to learn from the mistakes of others than on their.

1. One founder

Have you ever noticed how few successful businesses were founded by one person? Even companies that you believed to have one of the founder, in fact, usually began a large number of participants. This is hardly a coincidence.
What's wrong with one founder?
Often it shows a lack of confidence. Perhaps the founder did not offer anyone from friends to start a business together. And this is alarming, as friends - the ones who know you best.
And even if all my friends were wrong entrepreneur and business idea was really worth, anyway founder finds himself in an awkward position. Starting a business - too heavy for one person test. Need partners for joint generation of ideas, to keep from making wrong decisions and to support in difficult times.
The latter, perhaps, the most important thing. Low starts are so low that few people will make them alone. When several business founders, in difficult times they are combined will and efforts to survive, no matter what. Everyone thinks, "I can not let others", activating one of the most powerful forces in human nature. One person is incapable.

2. outskirts niche

Most groups of entrepreneurs selected for business marginal niche to avoid direct competition.
If you watched the young children to play sports, you notice that under a certain age, children are afraid of the ball. As soon as the ball flies toward them, they instinctively shy away from it. Selecting marginal marginal project is akin to the behavior of young children on the playground. If you know how to do something well, you'll have to face the competition and we must accept this fact.
You can avoid competition, avoiding only good business ideas.
Likely artificially low their claims is more instinctive movement than a conscious choice in favor of security. Your subconscious mind simply does not allow you to think of great ideas to keep you involve yourself in a risky highly competitive business.

3. The derivative idea

Most of the proposals coming from new companies just an imitation of other, more successful companies. They repeat the same ideas and suggestions, not improve them. If you pay attention to successful projects, you'll notice that none of them is a repetition of an existing business.
Where these entrepreneurs have found ideas? Usually focusing on solving a specific problem. Best of all one that affects you personally.
Do not look for companies that have found a good solution to the problem - look for problems and imagine what should be the company to solve them. What people are complaining? What would you like for yourself?

4. Stubbornness

In some areas, the path to success is to have a clear vision of the goals and steady movement to it no matter with what delays you go to it. Starting a business does not fall into this category. Following the vision goals akin to the Olympic Games, when there is a specific goal - a gold medal. Beginner same business akin to science pathfinder seeker tracks and promotes them.
So do not be too attached to the original plan. Quite possibly, it is not true. The most successful businesses in the finals turned out nothing like the original plans. You must be willing to see a good idea when it will appear. And the most difficult thing in this - to give up your original ideas.
But openness to new ideas must be correct. Changing course every week at least fatal for business start-ups. You should always check yourself. If each new idea you can use most of the previously-established knowledge and ideas, it is obvious that you are on the right track. If have to start from scratch - it's a bad sign.
Fortunately, there are those who can give you good advice - your target audience (customers or users). If a new trend seems to them an exciting and interesting improvements, then you are on the right track.

5. Hiring employees bad

Businessman can not always assess the professionalism of the staff, and the best of them are not looking for a job and do not want to embody the ideas of others.
Every business its key specialists, the error in the choice of which can cost your business future. Therefore, if you do not have a clear preference, choose the business area in which they themselves are an expert.

6. Attachment insufficient funds

The success of most projects depends on funding. All of them have some scheduled date run during which the business will grow and prepares for takeoff. If you have an idea and pattern, your task is to convince investors to invest as much money into this project. I advise beginners to obtain financing and to try in the first stage all at once does not spend. So you will be the most flexible and ready for the unexpected.

7. Too high costs

It is difficult to distinguish between a lack of investment and too costly. The main way to "burn" money - to hire too many people. Do not do it if you can do.

8. Differences between the founders

Differences between the founders of a fairly common phenomenon. The output of one of the owners of the business does not always lead to its collapse. Yet the majority of future disputes between the founders could have been avoided if they had a careful approach to the selection of a partner in the beginning. Most disputes arises not because of the situation, but because of the people themselves, and obviously, first co-owners to suppress the internal resistance of cooperation. So never start a business with those who are unpleasant to you, even if it is so desired skill.
People - the most important component of business start-ups, and therefore does not compromise on.

9. Insufficient efforts

Lack of effort. This is probably the biggest mistake to start a business.
Most of the new projects that could become successful will never be implemented, because the founders have made insufficient efforts to implement them. It is in the maximum intensity of effort lies the secret of success.


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