Startups Mistakes

Jul 08, 2020 11:31 am

Hello ,


Frequently I get emails from people with amazing ideas who want to start a business but are so afraid of making mistakes or ruining everything.


A man who is scared of making mistakes will never try anything.

A man who has never made a mistake too has never tried doing anything.


Life and business are some of the vital risks we need to take every day.


Quickly, I am going to share 10 mistakes that startups make


  1. Scared of failure: if you don't fail at something how would you know it is not good for you or how will you discover a better alternative? Failure is part of the process of success. success doesn't just happen, it goes through a process. When you fail, stand up and start again but this time you are starting from experience.
  2. No business plan: a business plan is like a manual for your business. it contains your vision and your mission for that business. without a business plan, you will just do things anyhow.
  3. Partnering with any kind of investor: be careful of who you partner with. some investors are only interested in grabbing the profits and not genuinely concerned about the welfare of the business.
  4. Hiring too soon/ hiring the wrong person: ensure you know the capacity of the company before you hire. Do not hire out of sentiment because it will weigh your company down. Hire based on qualification and ensure you utilize the manpower available to you before thinking of hiring more.
  5. Doing everything alone: Learn to delegate. Trying to do everything can be stressful and result in being busy and not being productive.


Click this link for the remaining 5 tips.

https://m.facebook.com/story.php?story_fbid=10221156861565440&id=1061917963


, I hope you got value.


Do have an amazing day

xoxo

Olufunke

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