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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
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
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
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
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.
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.
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
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.