What are the top start-up business mistakes?

[mbrand2222]

I didn't have time to read all of the posts previous to this, but I wanted to mention how important it is to establish a trustworthy relationship with a person before going for the sale. This makes it so much easier to close and I think newer sales people skip that important step that turns a customer into a life-time customer.

[rimmyrekon]

Hey

Thanks for sharing your posts guys! I feel the top start up business mistakes is the demand for a particular product, what do you think?

[mark_sunbelt]

Originally Posted by Scunizzo

For the YoungEntrepreneur.com blog:

After the success of our last poll, Top The 21 Celebrity Entrepreneurs[/URL], I wanted to start a new poll on the top mistakes that start-up business owners make.

We did our own list in February on the Top 10 Mistakes Entrepreneur Make which included:

1) Not enough money.

2) Not thinking survival.

3) Losing momentum.

4) Doing it all alone.

5) Not hiring right away.

6. Doing it just for the money.

7. Getting to year 1, past year 2.

8. Don’t build around a customer.

9. Don’t seek mentors.

10. Don’t get involved in the community.

It was a popular post that made the front page of Digg and got 78 comments!

What makes your list of top start-up mistakes? I would love to hear your thoughts so we can put together a new list!

how about being selfish and thinking how to earn quick bucks instead of trying to figure out how can you help your customers?

[DaisyDicor]

We did our own list in February on the Top 10 Mistakes Entrepreneur Make which included:

1) Not enough money.

2) Not thinking survival.

3) Losing momentum.

4) Doing it all alone.

5) Not hiring right away.

6. Doing it just for the money.

7. Getting to year 1, past year 2.

8. Don’t build around a customer.

9. Don’t seek mentors.

10. Don’t get involved in the community.

It was a popular post that made the front page of Digg and got 78 comments!

What makes your list of top start-up mistakes? I would love to hear your thoughts so we can put together a new list!

Yes I agree with you and these are the mistakes I made:

Failing to incorporate early enough.
Issuing founder shares without vesting.
Hiring a lawyer not experienced in dealing with entrepreneurs and venture capitalists.
Promising more in the business plan than can be delivered and failing to comply with state and federal securities laws.
Thinking any legal problems can be solved later.


being a selfish pest
Quote:
Originally Posted by Scunizzo View Post
For the YoungEntrepreneur.com blog:

After the success of our last poll, Top The 21 Celebrity Entrepreneurs[/url], I wanted to start a new poll on the top mistakes that start-up business owners make.

We did our own list in February on the Top 10 Mistakes Entrepreneur Make which included:

1) Not enough money.

2) Not thinking survival.

3) Losing momentum.

4) Doing it all alone.

5) Not hiring right away.

6. Doing it just for the money.

7. Getting to year 1, past year 2.

8. Don’t build around a customer.

9. Don’t seek mentors.

10. Don’t get involved in the community.

It was a popular post that made the front page of Digg and got 78 comments!

What makes your list of top start-up mistakes? I would love to hear your thoughts so we can put together a new list!

how about being selfish and thinking how to earn quick bucks instead of trying to figure out how can you help your customers?

Being selfish would never help us to grow...

[Warranties-For-Less]

Good points,

Yes, there are many things that go into building a successful business, and each business is different, so the suggestions provided have to be weighed against your specific business.

Over the years, I have learned it is never one mistake, it is usually many on this list. Failing to understand the importance of each is the most important thing to understand and hopefully not learn from your own mistakes. Study the list, and understand how each could impact your future success or failure.

[Veda]

Hi, I'm new. I would like to say the top mistake is: our life.
Not enough money's a good one, thrown into the woods we'd probably survive easier than we do now on this economy.

Ah, but we try. Eventually we hope to earn enough just to attend universities and better our futures. (myself and my significant other)

[Iamnotsatisfied]

I think a big mistake would be underestimating your business growth potential. Only because similar business only profit to an certain limit doesn't mean your business has to stop at their ceilings... If you put that extra something in your work who knows how far you could go.

Yes, over-valueing your business isn't help full, but don't be scared to break the glass ceiling and take your business to the next level even if similar businesses are contend on where they stand now.

[butler68]

I have run into a lot of people who think there idea is great. They will not let anyone make changes to it and/or listen to customers. Thats a huge mistake!

[cindrellaa]

Hi

I feel anyone can start an internet business but not everyone will attain success. It all depends on you as it is your business.so take your business seriously and achieve your goal.

[Green Corey]

We have recently made an advisory board. It definitely helps to have mentors on board who can help to make critical decisions. Often revisiting a business plan also helps.

Corey
Green Students Fundraising

[jmink]

Lack of putting in the effort is a big one also. Some have big dreams but watch 2 hours of tv every day instead of getting out there and making it happen.

[AntonyR]

using your own money would be the top of my list.

[Bryce Maddock]

Having skilled workers is a must.

[selfemploymentcoach]

I think that biggest start-up mistake of any business,is not doing the business plan. If you don't have a plan- you are leaving your success to the wind... If you do not have a plan, you can get caught up in doing things that hinder rather than help your business. Once you have a plan, you can step into action and have a clear direction to go. And don't for a minute think that developing that business plan has to be difficult. There are ways to do this and do it right.... so even if you are not looking for capital investment with your plan... be sure to have one. I would be more than happy to share some simple tools & techniques that I have used with my clients over the years to develop a sound business plan. Good luck to your venture!

[terrybell]

Hi,
Yes every work is done but most important thing is this only do everything
now that's well said "well begun is half done". any work
(business) start before
take every precautions and give whole your input.
Thanks