Mistakes to Avoid When Starting a Business:
1. Fail First- Accepting failures represents half
success. There is no guarantee that you will hit the target at first trail. You
should keep trying until you reached your goal. So, be ready for failures.
2. Plan Unique- Make sure that, at any corner
your idea should be unique and genuine. And, plan according to it.
3. Align Well- After noting the essential tings,
make sure that the priority task will execute first on time. And, the rest will
continue by following.
4. Read Competitor- Try to analyze and get at
least some knowledge regarding your competitor. And, initialize strategies to
kick
5. Legal First- Ensure that everything is legal.
If all set, go for the business registration then, no one will question you.
6. Be Team- Collect the finest and smartest mates
to work along with you and don’t think that you alone can drive an aeroplane
without the help of second pilot. Even If you manufacture the flight, without
pilots, it’s useless.
7. Spent
Wisely- Think before for a while, If you gonna spend something for a company.
And, don’t believe wrong and corrupt investors.
8. Underestimating- Your business is your venture
and don’t ever see it as low. The
product or service, whatever you are offering, Be Professional.
9. Marketing- Use Viral marketing techniques and
play strategies that would generate revenue along with reputation in short
period of time. Plan first before implementing.
10. Hiring- Hire the people who are good at
required skill set and don’t allot the highest position instantly i.e. too
early. Let them bloom first.
11. Launch & Expand- Also, Only release
product or service if you are able to answer all the FAQs asked by the people
and don’t expand too quickly. Be with patience and Hit the target accurately.