What are the top start-up business mistakes?

[Gopal Dev]

Not having a plan, not being realistic, and not working hard and consistently are 3 very common startup mistakes. Avoid them and stay positive! Cheers!

Gopal (The Musical Mad Scientist and Entrepreneur)
The v-Fusion Group

[bdubc]

Saying its too hard.

[Jenie0109]

how will you learn if you dont seek mentors?

[jumbopanda]

A big problem is spending money on things that don't really matter. That's why its important to stick to the plan. Make a plan, and then every decision can be made relative to that plan. Does this choice make sense? If it is important for you plan, then do it. If not, don;t worry about it.

[onlinecashwebs]

I went to an entrepreneural class in college and wanted to add a few things in there. Hiring family- big no no they dont work as god as the minimum wager
demographics/phsycographics- selling swimsuits in alaska, basketball to old lady, etc etc.
Getting too big too early

[dogvi]

the number 1 reason i always see is the combination of failure to take action along with the tenacity to continue to move forward. People get hyped up, follow the goal, then 90% fall out if no results are seen within the first month or even 6 months or even years.

[graphic designer]

If an idea or marketing strategy isn't paying off dividends then try a different one. You can't squeeze juice from a rock.

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[ilyabodner]

I don't think that small business owners need to borrow from each other. Although places like Prosper.com are becoming popular, I still don't think that this concept is well developed.

Small business owners should consider obtaining credit from sources line credit lines and credit cards. Here is some information on this topic....


A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own.


Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information.


Good luck,

Ilya Bodner
Small Business Owner
Initial Underwriting Group

[benmaxime]

No self confidence+No persistence

[smithwillis]

Well, right said in your post. These are some of the steps that are the real mistakes while starting a business. This will help others learn the mistakes that they do while they are at the start of a new business. Precautions should be taken to keep things straight and there are online business products that are success by avoiding the mistakes.

[Stera]

FollowtheDream...
What is your business?
I would suggest a link in your signature!!!

[benmaxime]

loss of self confidence.

[gggreen]

most of the great planning fails because of proper ANALYSIS of actions. When work is taken to operational phase, most of the business do not have time for its proper analysis. failing in which lead to fail in proper planning for further strategies. Some values are really very important and have proved beneficial which I have learned from my Entrepreneurship and Enterprise management post graduate diploma three years back.

regards,
Ajit
SME owner- Automobile
PGD: EME (ENTERPRISE MANAGEMENT AND ENTREPRENEURSHIP), ICECD India

[armenh]

Overanalyzing and Overthinking.

[GameGape.com]

the number 1 reason i always see is the combination of failure to take action along with the tenacity to continue to move forward. People get hyped up, follow the goal, then 90% fall out if no results are seen within the first month or even 6 months or even years.