8 common mistakes when starting a business

[Gamerseo]

Great tips for beginners.

 

[Graybeard]

not all businesses need online marketing

Homer's Pizzeria 2034
Homer Pizza app:
Hello, I am Homer AI.
What would you like to order?
what size s-m-l-xl?
what toppings?

OK, that is a large Homer round pizza with extra cheese, pepperoni, mushrooms and peppers? Is that correct?

Your pizza will be robot drone delivered to (address) in 30-45 minutes. Your total order is $509.42 with tax. Please click I accept and pay in full in advance. (Inflation is a bitch, ain't it?)

 

[Alan Saste]

As a business newbie myself, I think the first step is the hardest. My fear of failure always pulls me back.

 

[Graybeard]

@Irina Bodan

10 Common Mistakes Startup Founders and Entrepreneurs Make (And How to Avoid Them)

As a startup consultant, I have worked closely with numerous entrepreneurs and start-up founders, helping them with #businessfeasibility, #marketresearch, developing #businessplans, and #pitchdecks to secure funding for their businesses. Through my work, I have gained invaluable insights into # star

www.linkedin.com

STOP YOUR COPY AND PASTE BULLSHIT

Simple-ass AI rewriten plagerism is useless

 

[mochito]

for me it is
1. not studying customer demand before opening
2. do not count costs and profits
3. release an imperfect product

 

[Graybeard]

It's bad for this site's SEO
and it's totally useless bullshit Get a life

 

[Mortimer Monty]

For me the biggest mistake is to dive into the sphere in which I have almost zero knowledge and hoping that I will get everything I need just in the process of running business. And it is not wise to ignore soft like this

 

[Graybeard]

Well 'GRANDPA' has ignored the last 2 shit posters. GFY

Better watch out

 

[carroline]

• Insufficient market research
• Lack of a solid business plan
• Underestimating the financial requirements
• Poor financial management
• Neglecting marketing and promotion
• Trying to do everything alone
• Ignoring customer feedback
• Failure to adapt and innovate

 

[ValeriaFlirtCash]

• Lack of capital for the initial investment, including working capital.
• Unawareness of the market in which it will act.
• Ignorance of the legal and tax responsibilities inherent in the business.
• Lack of, or scarce, technical knowledge.
• Inaccurate analysis about the place of installation and commercialization.
• Little or no marketing planning.
• Financial unrest
• The mix of personal accounts with those of the company.

basically the lack of a well-made Business Plan.
Also, I would add: lack of mission and vision, which will be necessary to get the BP consistent and with a real plan and no idea of the target persona.

 

[Georgetech]

If you don t have a plan, consistency and commitment to improve every day the game is gone.

 

[Graybeard]

I think timing and the right tactics are very important. Some of that can be luck too.

 

[Graybeard]

1. Insufficient capital for initial investment and working capital.
2. Lack of market awareness and understanding.
3. Ignorance of legal and tax responsibilities.
4. Limited technical knowledge.
5. Inaccurate analysis of location and sales strategy.
6. Inadequate marketing planning.
7. Financial instability.
8. Mixing personal and business accounts.

You mean that person has no idea of WTF they are doing?

If you have a good concept/or disruptive idea --and enough start up capital --you can hire (or contract) the right people with knowledge in these areas. Learning the above requirement list the hard way can take a very, very long time.

 

[Honeybadger]

1st mistake most failed business owners make when starting a business?

not creating a sensible business plan

 

[alexibend]

Majority of them rely on the fact that people are not build to work in a team, and that they don't have a clear goal they are working towards. Feedback and goals is important!