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Young Entrepreneur Forums » General Business » General Business » What are the top start-up business mistakes?



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Old 11-07-2009, 06:10 PM   #256 (permalink)
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Not taking a business class or at the very least reading a lot of material on what you're doing. I think this is especially important for the work-from-home crowd. I am also on a Photography forum and one of the top things they recommend instead of buying new equipment or renting office space when starting a photography business is to take classes or read up on how businesses work.
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Old 11-08-2009, 08:50 AM   #257 (permalink)
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Being so greedy of money?
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Old 11-10-2009, 07:57 AM   #258 (permalink)
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The biggest mistakes I think are losing momentum and not being as optimistic. Optimism is the KEY to success. But I think people not surrounding themselves with people who believe in them is another issue.
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Old 11-11-2009, 02:29 AM   #259 (permalink)
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top startup mistakes

some of the most common mistakes are:
1. incomplete market study.
2. insufficient money.
3. lack of good work-force.
etc...
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Old 11-12-2009, 07:53 AM   #260 (permalink)
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Wonderful Post,

A few mistakes that I made when I started in an internet business is buying alot of products that sounded too good to be true, and when I downloaded the "get rich quick" programs, they were bogus, very hard to set up, and not very user friendly. I have learned alot over the years, I have decided to go to school for it instead and learn the right way!!!
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Old 11-13-2009, 06:23 AM   #261 (permalink)
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Here I'm sharing With You One Of The Main Mistakes Which We Use To Do is:
We'll Make a Killing In the First Year..."

Focusing on the immediate returns that a business can earn from a new product before direct competitors enter the market can be a mistake if not coupled with a description of how these short-term profits can be used to transform the company into a going concern. Investors are interested in putting their money in companies which have value down the road to either be sold or to keep operating and growing going forward. Lenders, who will generally be more conservative in their outlooks, will be wary of any "get rick quick" claims. They will always prefer a business that shows slow and steady growth, backed up by reasonable projections.
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Old 11-13-2009, 07:11 AM   #262 (permalink)
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Hi

In my opinion the top start up business mistake is no knowledge of your target market. You should seek first which sector you are targeting and what their need are. After finalizing the product, you should promote your business everywhere on roads, billboard on online portals (dailytrader.com, aidandtrade.com etc) which will help you out in gathering customers.
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Old 11-17-2009, 05:20 AM   #263 (permalink)
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In my opinion, some of the mistake are hiring of family relatives, friends and other member of the circle, lack of focus, doing it alone and under-estimating sub-ordinates, concentrate on making money instead of quality service to customers.
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