Small Business Trends

Mistakes Startups Should Avoid

Mistakes

• Skimping -OR - over-thinking your business plan.

• Trying to do a start-up alone - OR - Having too many co-founders.

• Trying to force a business that Isn\'t working - OR - Falling to spend enough time researching the business idea

• Lacking focus and Identity.

• Being Rigid About Your Idea - OR - Lacking an exit strategy.

• Underestimating financial requirements and timing.

• Not asking for help.

• Spending too much time on product development, not enough on sales.

• Falling to recognise the gap between sales and profit.

• Settling tor "good enough" Instead Of pushing towards ideal.

• Seeking confirmation of your actions rather than seeking the truth.

• Entering a market with no distribution partner.

• Trusting experts, rather than your gut.

• Hiring convenience rather than skill requirements.

• Not Maintaining Relationships.