Common Entrepreneurial Pitfalls, by Adam Kidan
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Being an entrepreneur is exciting! But there are a lot of pitfalls out there that hurt entrepreneurs. You need to know what those are, and luckily, here are some tips!
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Common Entrepreneurial Pitfalls, by Adam Kidan
- 2. Making things too complex • It’s a good idea to start small! • You might want to build something complicated, but that’s only going to get you away from the direction you should be taking
- 3. Not thinking long- term • Launching any business is a marathon, not a sprint! • It’s going to consume just about every bit of energy you have, make sure it’s something you’re passionate about
- 4. Thinking you can do it alone • You might think you have all the ideas, but ultimately you aren’t going to want to work every single day! • It pays to get a co-founder
- 5. Fearing ! the ! customer • Make sure that you get customer feedback as early as possible! • You might be afraid to speak to customers about a new business idea, but if you don’t keep their feedback in consideration, then you’ll be building a business without knowing your customers’ needs
- 6. Not learning anything • You want to start slow and master the essentials one step at a time! • It doesn’t matter if you do everything perfectly, just as long as you’re doing it and learning.
- 7. Being stingy • Money might be tight, but you don’t want to cut corners with certain things! • Pay to make sure you get good employees, branding, graphic design and solid legal counsel ! • Skimping with these will come back to haunt you.
- 8. Not networking • You can’t be a successful entrepreneur without a good network! • Build your own professional personal brand as well! • Take advantage of your social media presence
- 9. Juggling between side- projects • A successful entrepreneur doesn’t waste their time between five different projects at a time! • Concentrate on your core business, and don’t let yourself lose focus.
- 10. Getting ! out of perspective • Your business’ health, strength and success are a direct reflection of you! • Work hard, but never forget to take care of yourself, otherwise your business will suffer