What are the most common entrepreneurial errors

 

What are the most common entrepreneurial errors

Although

entrepreneurship in the current market has been respected by many people, but does not mean that the market does not risk. In fact, entrepreneurship is a high-risk activity. In the entrepreneurial road will not be smooth sailing. Entrepreneurs need to constantly learn from the failure, continuous improvement and upgrading, and ultimately successful. But entrepreneurs need to bear the cost of trial and error. But sometimes, entrepreneurs in the early mistakes, may have a fundamental change in the subsequent development.


Eric, an American entrepreneur, recently got a chance to raise venture capital from a friend who made a mistake early in his career. Eric V.Holtzclaw believes that his friend is not a case, he saw a lot of founders in the beginning of the common mistakes, the results hinder their ability to grow. Every day, too focused on big ideas or entrepreneurs in the near future, will ignore what to do to maintain long-term success. When they emphasize their short-term goals, they inadvertently destroy their future.


here Eric V.Holtzclaw on the INC summed up the 5 most common errors.


1. allows a few people to take charge of


when time is tight, it's tempting to let someone buy a small part of your company to help you continue. But when to change the direction or the introduction of new investors, you think a little money will lead to big problems.


Eric V.Holtzclaw has seen 3 separate situations, "a handful of people", a person who owns less than 5% of the company's shares, gets the job done, and unnecessarily delays a deal. Because of delays, legal fees and common costs caused by more than simply talk with eloquence, they first buy money.


2.


On the other side of the

here, you don't want to go. The introduction of one or two partners, they complement your blind spots and weaknesses, in determining the success or failure will be different. If you insist on "starting your own business", you should have at least one trusted mentor and advisor. These advisors and mentors are willing to help you look at your business objectively and help you move forward in unexpected events that may occur.


3. ignores the deviation of the target


a partner is best to help you focus and avoid your weaknesses. But be sure to talk to your partner at the beginning of what they want to get from the business.


it's like marriage, when partners realize

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