Common mistakes first time entrepreneurs make

common mistakes first time entrepreneurs make

What are some of the most common mistakes first time entrepreneurs make? If you are one, then you know there’s nothing more exciting than doing something for the first time, especially business-wise. It’s like you are stepping into an adventure. And, in general, that’s exactly what you are doing. So, first of all, try to enjoy every step of the way.

A few of the most common mistakes are about attitude. When you are starting something new, you need to have a fresh mind about it. No prejudice. Try to minimize your ego as much as you can. Be humble. That’s how you learn quicker.

First time entrepreneurs often overload themselves

Never assume you are able to do everything. I know. I get it. Being first time entrepreneur means an enterprise is like your baby and you need to take care of it as best as you can. But if you don’t learn to trust others, you’ll just end up drowning in work.

For this same reason, communication is essential. Letting others love what you love comes after you communicate properly all the reasons why you love it in the first place. Those who understand this will gladly work with you and when they learn to be as passionate about it as you are, they will become your best allies.

There are plenty of experts who know things you don’t. Ask for advice and opinions. In the end, you will the one who has the last word but only after you have grasped all the pros and cons. Then you are able to make important decisions based on professional guidance.

Learn from mistakes of others

Do your research. Chances are you are neither the first one nor the last one who has come up with a similar idea. If you are bringing something new to the table, focus on the innovative aspects of your project. Those will be the ones that lead you to success. Also, it always helps to learn from other people’s mistakes.

Learn to adapt instead of trying to impose your will. Find what your public / clients truly need and go for it. If you start having any trouble, the ability to adapt can be what saves you.

Want to read more advices from an experienced Fail Coach? Then browse through our categories “Life Coaching“, “Business Failure” and “Real Life Stories” and take a day off, because you’ll find plenty of interesting reading material.

About the Author Miha Matlievski

Breaking taboo called FAILURE by talking openly about it, sharing my fail stories and lessons that I learned on my way back from hell. I had four successful companies that at one time all went bankrupt. You could say that I went from hero to zero. But I managed to survive! Down that road I became Fail Coach not by degree but by failing personally and professionally, learning from my failures and growing. If you are looking for a coach try not to find one with shiny diploma hanging on his wall but one that has personally gone to hell and back.

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