• Subscribe
  • What are common mistakes that entrepreneurs make?

    mjkabir
    6 replies
    From my experience advising a small group of startups and from my own personal entrepreneurial journey: - Do not delegate work - Micromanage smart people - Don’t create an advisory group - Make all decisions - Worry about everything - Ultra-focused on funding - Do not network with more intelligent people - Don’t share journey, knowledge - Create artificial deadlines - Fail on artificial deadlines - No time for self-health

    Replies

    Common mistakes that can hinder the success of business ventures include lack of market research, underestimating competition, and neglecting to adapt to evolving consumer needs and trends. Problem: Entrepreneurs often struggle with creating and managing engaging content for their online platforms, leading to decreased audience engagement and brand visibility. Contentify can help by automating the content creation process across various channels, optimizing SEO, and ensuring consistent brand messaging for a stronger online presence. Try Contentify AI for Free here just look up Contentify AI
    Share
    Cristian Stoian Urzica
    - no time for self health is the biggest one. For anyone who reads this, go out, workout, start cooking your own food :)
    Share
    Gurkaran Singh
    Ah, the classic entrepreneur pitfalls - it's like trying to build a rocket without a launchpad! Remember, delegation is key, micromanaging is a no-go zone, and connecting with wise minds can be the jet fuel your startup needs to soar! 🚀
    Share
    My Phung
    There are some common mistakes among first-time founders. Here are some: - Planning excessively - Not validating their idea / getting initial traction - Trying to play boss by building a large team prematurely
    Share
    mjkabir
    Comment Deleted
    Share
    Shadman Nazim
    To me the three major mistakes entrepreneurs often make: - Cash Flow Mismanagement - Neglecting Market Research - Hiring Based on Cost I think micromanaging is another big problem. Delegation is really vital for founders and entrepreneurs.
    Share