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What mistakes do entrepreneurs make in the beginning of their business?


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Hi! I believe there many advices for such topics. My I share one of them, which I consider the best one

Waiting for success right away.
If you expect success directly from your business, you will be disappointed. Yes, it is great to have confidence and a desire for success, but do not expect these results right away. Company development takes a lot of time. To get money from a company, it takes even more time.

You need to be realistic in your expectations and try to be patient. One of the many reasons why so many companies fail so early is because entrepreneurs expect they will be able to open their doors and start earning money. Many times these companies leave the company because the entrepreneur can not afford to pay more for the rent, they expected to immediately earn money to cover their expenses. That is why it is so important to have a realistic pillow and how much money you can really earn at the very beginning.

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They often cant be adptalbe.

What I mean by that is that you need to be flexible to change things depending on the situation.

We are living in a ever fast changing market.

Practically it means you will need testing mind all the time, untill you find the right product or service, you will need to test and get feedback and improve.

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  • 6 months later...

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