I’ve previously written about the common mistakes of startup entrepreneurs in the article Top 10 Home Business Mistakes. However, it is also interesting to see what other authors and experts consider as the most common mistakes small owners make:
Maria De Lourdes Sobrino, Founder and CEO of Lulu’s Dessert Corporation and the author of Thriving Latina Entrepreneurs in America considers the following as the most common mistakes made by Latinas:
CNNMoney.com considers the following as 5 deadly mistakes when starting a business
- Too little cash
- Thinking small
- Skimping on tech
- Underestimating the importance of sales
- Losing focus
Microsoft Small Business Center lists 7 biggest mistakes of business startups
- Driving a fire engine without a route.
- Selling way too cheap
- Starting a business just for the thrill of it.
- Clueless about marketing
- Being a pal instead of a boss
- Blowing through your capital.
- Overlooking your loved ones.
Different lists, but basically the same ideas. Let me know if you have any favorite lists of small business startup mistakes.
Here are other mistakes when starting business that I’ve seen frequently:
1. Choosing the wrong type of business
2. Lack of the necessary knowledge
3. Lack of Planning
4. Lack of Discipline
5. Lack of Persistance
6. Falling Prey to Home Based Business Scams
7. Lack of a Website
Home businesses fail for all kinds of reasons, and there are always risks. However you can reduce them by continually seeking the necessary knowledge about your home business niche and putting the required effort to succeed. You must develop the discipline of continuous learning from someone more experienced than you.
Here are other mistakes when starting business that I’ve seen frequently:
1. Choosing the wrong type of business
2. Lack of the necessary knowledge
3. Lack of Planning
4. Lack of Discipline
5. Lack of Persistance
6. Falling Prey to Home Based Business Scams
7. Lack of a Website
Home businesses fail for all kinds of reasons, and there are always risks. However you can reduce them by continually seeking the necessary knowledge about your home business niche and putting the required effort to succeed. You must develop the discipline of continuous learning from someone more experienced than you.
The mistakes I have noticed are:
1. Getting too excited about quick money while starting a business
2. The lack of skepticism about false big money promises that scams come up with
3. The lack of knowledge
4. The lack of mentor
5. The lack of motivation
6. Too much distraction
7. Getting overwhelmed with too many marketing methods
The mistakes I have noticed are:
1. Getting too excited about quick money while starting a business
2. The lack of skepticism about false big money promises that scams come up with
3. The lack of knowledge
4. The lack of mentor
5. The lack of motivation
6. Too much distraction
7. Getting overwhelmed with too many marketing methods