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+---- Thread: What are the most common mistakes first time entrepreneurs make? (/showthread.php?tid=6178260)
What are the most common mistakes first time entrepreneurs make? - zFacetious - Oct 24, 2021
When starting new, we often find ourselves exited, and driven to an extent. In this mindset we sometimes develop tunnel vision, what are some mistakes or obvious missteps that you see entrepreneurs making today?
For me I see a lot of them start to take off and lose site of their initial goal.
RE: What are the most common mistakes first time entrepreneurs make? - shakur123 - Oct 24, 2021
I think it is taking things for granted without making a plan if something fails
RE: What are the most common mistakes first time entrepreneurs make? - Kittenz4life - Oct 24, 2021
You will often fail at times, but those are lessons to help you grow.
RE: What are the most common mistakes first time entrepreneurs make? - zFacetious - Oct 24, 2021
(Oct 24, 2021 12:09 PM)shakur123 Wrote: I think it is taking things for granted without making a plan if something fails
It is very easy to get yourself worked up and not respect other things, especially when you're in the mist of failure.
(Oct 24, 2021 12:10 PM)Kittenz4life Wrote: You will often fail at times, but those are lessons to help you grow.
For sure, failure is one of if not the best learning tool life gives us.
RE: What are the most common mistakes first time entrepreneurs make? - LeetSpeed - Oct 24, 2021
Not taking enough time to find out who/what their target market is.
RE: What are the most common mistakes first time entrepreneurs make? - zFacetious - Oct 24, 2021
(Oct 24, 2021 12:16 PM)LeetSpeed Wrote: Not taking enough time to find out who/what their target market is.
This is a tough one for sure, there is always that preferred target market, but one thing that is deep down is the many many outliers who may not be in your 'target audience' but would be interested in your product.
RE: What are the most common mistakes first time entrepreneurs make? - xPower - Oct 24, 2021
I can speak based on my own experience. Going into something head first without any plan.
RE: What are the most common mistakes first time entrepreneurs make? - fenompls - Oct 24, 2021
Taking on too many tasks at once and not focusing.
RE: What are the most common mistakes first time entrepreneurs make? - zFacetious - Oct 24, 2021
(Oct 24, 2021 12:20 PM)wPower Wrote: I can speak based on my own experience. Going into something head first without any plan.
Yeah sometimes it is easy to have a good idea and get over exited and just dive in blind
(Oct 24, 2021 12:21 PM)fenompls Wrote: Taking on too many tasks at once and not focusing.
In my opinion having a good plan, and organization is key
RE: What are the most common mistakes first time entrepreneurs make? - LeetSpeed - Oct 24, 2021
(Oct 24, 2021 12:17 PM)zFacetious Wrote: This is a tough one for sure, there is always that preferred target market, but one thing that is deep down is the many many outliers who may not be in your 'target audience' but would be interested in your product.
Yep, you need to do that research to expand your business.
RE: What are the most common mistakes first time entrepreneurs make? - zFacetious - Oct 24, 2021
(Oct 24, 2021 12:22 PM)LeetSpeed Wrote: Yep, you need to do that research to expand your business.
Or get someone who is in that field, I find a lot of entrepreneurs are afraid of expanding the people involved in there projects
RE: What are the most common mistakes first time entrepreneurs make? - LeetSpeed - Oct 24, 2021
(Oct 24, 2021 12:23 PM)zFacetious Wrote: Or get someone who is in that field, I find a lot of entrepreneurs are afraid of expanding the people involved in there projects
Most likely they've been burned from people before.
RE: What are the most common mistakes first time entrepreneurs make? - zFacetious - Oct 24, 2021
(Oct 24, 2021 12:30 PM)LeetSpeed Wrote: Most likely they've been burned from people before.
That does happen, gotta put the right contracts and find people you can trust I suppose
RE: What are the most common mistakes first time entrepreneurs make? - Eran - Oct 24, 2021
The mistake I made is not reinvesting my money, but rather spending it. I wish I was smarter before, but you always learn ;)
RE: What are the most common mistakes first time entrepreneurs make? - zFacetious - Oct 24, 2021
(Oct 24, 2021 12:46 PM)Eran Wrote: The mistake I made is not reinvesting my money, but rather spending it. I wish I was smarter before, but you always learn ;)
at the very least, at least you have learned something from it