Planning to start your own business? Here are 10 habitual mistakes in starting a business. Take note.
Starting a new business is an exciting time, but it also comes with its fair share of challenges. One of the most important things you can do to give your business a fighting chance is to avoid making mistakes in starting a business and save your time, money, and efforts. Of course, that sounds easy enough in theory, but it can be too easy to let your guard down when you’re in the thick of things. Now, if you’re thinking of starting your own business, or you’ve just started one and are running into some roadblocks, then you want to stick around because chances are, you’re making one of these habitual mistakes that other business starters did and unfortunately failed their business.
Have you fallen into any of these mistakes in starting a business? Don’t worry – failure is a lesson and it’s not too late to course-correct. While there are many pitfalls to starting and running a business, avoiding these ten habitual mistakes can help you set your company up for success and save. By taking the time to learn from others’ experiences and being mindful of entrepreneurs’ common mistakes, you can give yourself the best chance for long-term success. #howtostartabusiness #businesstips #business
00:00 Introduction
01:03 Failing To Do A Business Plan
02:05 Not Researching The Industry and Competition
03:03 Underestimating Start-up Costs
03:43 Underestimating The Amount of Work Required
04:37 Trying To Do Too Many Things At Once
05:33 Not Marketing The Business Enough
06:29 Spending Too Much Money on Marketing Before You Have Profits
07:19 Hiring The Wrong Employees
08:18 Poor Customer Service
09:13 Doing Everything Yourself
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