7. Not Marketing Your Business / Expecting People To Come To You

“A few mistakes that I personally made was the lack of focus on a targeted marketing plan, and the miscalculation on future expected growth.”


8. Not Looking At Your Competition

“I think it is a big mistake to start a business without really understand the market.”


9. Being Overly Enthusiastic and Not Having Realistic Goals

“A few mistakes that I personally made was the lack of focus on a targeted marketing plan, and the miscalculation on future expected growth.”


10. Not Thinking Survival

“Too many people think that so long as everything is done “textbook” and they have the proper set up, and plans down on paper, that they will succeed. Also, many people have the idea that it is easy to keep it up after they get an initial consumer base. Not true. small businesses are small fish in a big pond, constantly competing against emerging and growing bigger competitors that have the backing, both monetarily and resourcefully, to push them out of the picture.”


11.
Doing It Just For The Money

“If you want guaranteed income, go out and apply for a job, do your day to day task, and collect the check. Many times people try and look for the most lucrative, profitable idea that they can score an easy amount of money in so they can “live the dream”. A true Entrepreneur lives the dream by constantly growing and changing to address their market and benefit those who use their product/service. You need to cover costs and have the right to strive for wealth, sure, but that will NEVER come unless you sacrifice first and realize that the longevity and future potential for your business to weather the conditions presented from changing needs and business priorities, is first and foremost, or else you have simply wasted your time and effort to have your 15min and now are snuffed out thereafter.”


The remaining 9 common startup mistakes are.
  1. Not hiring right away
  2. Getting to year 1, past year 2
  3. Not getting involved in the community
  4. Working in your business instead of on it
  5. Going wide instead of deep into a niche
  6. Not using email marketing
  7. Having a lack of ambition
  8. Failing to network with others
  9. Growing too quickly

I hope you enjoyed our list and can use some of the advice to make sure you don’t fall into the same traps that others have. If you can learn from those who have gone before you then your chances of making it big will increase dramatically!