What are the top start-up business mistakes? - Page 17

rejoice · 08-28-2009, 06:52 AM

Quote:

Originally Posted by bigmen

american people wants' to work for their own...
europian people wants to work others...

what a load of crap... think before you speak!

vinmann · 08-28-2009, 12:01 PM

Expecting quick success is one of the main reasons for failure.

rejoice · 08-28-2009, 12:59 PM

Quote:

Originally Posted by vinmann

Expecting quick success is one of the main reasons for failure.

are you sure about that?

zmonique2007 · 09-16-2009, 04:37 AM

Many people are reluctant in starting their own business because they don’t have enough money to invest. But running a business is not just about the money. Set a proper plan and make a research about your competitors. Yes, you can learn from the success of your competitors.

camlin · 09-28-2009, 01:52 PM

"Sorry,

I don't have enough knowledge about this matter.

i just suggest you should take help of any experience person or you also take help of search engine to find it.

Best of Luck

daniela27 · 09-28-2009, 04:08 PM

I think most of the main reason why some entrepreneurs fails is they don't want to hire somebody, lack of trust, and all they thing is the profit that they can get. Not knowing that its a very big help if there's a extra hand working with you. Another thing is getting connected with your customers and clients. It's very important to get connected with them, so that they will stick with you.

JBell · 09-28-2009, 04:17 PM

There are a few mistakes that come to mind, but I would have to say...

The number one mistake is not enough promotion and marketing.

You MUST Promote your business in order for it to be successful.

ACB123 · 09-28-2009, 09:10 PM

Fail to plan and you will ultimately plan to fail. Also I agree, losing momentum is one of the most common obstacles. It's all great in the beginning but when you have to put in the labor, with no immediate success, it can get kind of lonely.

The key to any business is PERSAVERENCE. Don't give up. You're always going to be one dollar, one business move, one thought or action away from success. You' have to keep moving.

Driven_Magazine · 09-29-2009, 10:12 AM

#1 Not have a plan is the biggest mistake!

ChrisBenjamin · 10-05-2009, 05:26 PM

Entrepreneur puts on blinders and thinks everyone will want their product/service.

kirksmith888 · 10-20-2009, 03:08 AM

Quote:

Originally Posted by vinmann

Expecting quick success is one of the main reasons for failure.

Sooo true!!

ROI takes time, but it'll be fast if you have live247 chat customer support in your online business

creadionizor · 10-21-2009, 06:22 AM

Great post these are sure things to be thinking about =)

ronniespringer · 10-23-2009, 01:58 AM

Not enough money is clearly number 1, but I think the #1 reason for that is when entrepreneurs try to budget thier business and seek funding - they set themselves up for failure by not asking for enough. Most beginning entrepreneurs view asking for startup capital like asking thier parents for a loan. They get it in their head that if they ask for as little as possible then it is more likely to get approved. The truth is the opposite of that. When entrepreneurs ask for too little it makes them look like they have no idea what they are doing. Banks would much rather give a loan that is large enough to see the idea through and leave a cushion than to give the perspective entrepreneur enough to get started and not finsh the project. People view it as being conservitave to ask for as little as possible - when in reality if you want to be conservative you ask for what you need plus an extra 10-20% to cover your tail. You can always give a bank back money that you dont need and reamm the loan, but second round of funding becuase you underestimated you cash needs by half is extremely difficult to obtain if possible at all. All the entrepreneur has done by limiting the amount he/she asked for and running out of cash is demonstrate they have no clue what they are doing and banks tend to lend out umbrellas on sunny days and ask for them back at the first site of rain.

Startup Help

RawMarketing · 10-24-2009, 05:17 AM

My biggest problem: Too Many Overheads

I think the biggest problem I had in starting my business was that I jumped into having a lot of overheads really early on. Within a few months of starting, I already had to pay office rent, internet, phone, power, advertising, loan repayments and wages.... totaling more than $5k/month,

I'm not sure if this was really a big problem, as it made sure that I took things seriously from day 1 and it meant if I didn't succeed, I stood to lose out (motivated by the fear of failure?). At the same time however, I had to go without for quite a while before I could get the ongoing income to cover these expenses.

jessica34 · 11-03-2009, 03:24 AM

Failing to spend enough time researching the business idea to see if it's viable. "This is really the most important mistake of all. They say 9 [out] of 10 entrepreneurs fail because they're undercapitalized or have the wrong people. I say 9 [out] of 10 people fail because their original concept is not viable. They want to be in business so much that they often don't do the work they need to do ahead of time, so everything they do is doomed. They can be very talented, do everything else right, and fail because they have ideas that are flawed."