beginner mistakes in business

[GeneBiz]

What is the biggest mistake you can make when starting a business?

 

[Trexxxy]

No clear plan or path for the business. Laziness towards the business.

 

[Kamon c4]

A lot of mistakes can be made when starting a business. Beginners mostly do not have much experience about business dealings then they tend to neglect some basic principles. Most new business owners jut want to start a business in order to be free from financial instabilities whereas they haven’t carry out preliminary investigation about products most needed in their surroundings. This is a major mistake people make when starting a business

 

[Lyrrex]

What is the biggest mistake you can make when starting a business?

One common mistakes beginners make in businesses is that they venture into business without doing a market survey to know if the business will move in a particular environment

 

[Josemendez]

The most common mistake is starting a business that one lacks basic knowledge in it .

 

[Abonyo Dickens]

Another mistake beginners make is starting a business because they saw their friends doing it without doing a market survey. Some start a business thinking of becoming millionaires overnight not knowing it takes hard work determination and perseverance to reach there.

 

[Niftyyem]

One of the commonest mistakes is eating up your first profits. Until the business has a solid footing, a large percentage of the profit should go back into the business.

 

[Ehizzy1]

The mistake i made when i started the business was that i did not set out the budget before setting out the business so i made loss

 

[WhiteHouse]

Not doing enough research on the field of business you investing in and also not consulting experts on such fields to gain more experience.

 

[Peterlight]

The common mistakes that people do when starting a business is following others plan or cloning others people business in the same area, that is the biggest mistake they make which makes the business worthless cos you will want to get more customers to you side and which will lead to competition, overspending and total crash of the business

 

[Lagazine]

A lots of mistakes can be made as a beginner in business. One of the reason why it happened is the lackadaisical attitude towards the customers complain if their is any, then human relation is another thing to check.

 

[Alexandoy]

In my first business I had experienced what I think is a big mistake in a start up. Since my boutique is situated in front of our house and there is no rental so I made a dive even if I didn't have enough capital. It was easy going in the first few days until the customers came coming in. The supplies were getting depleted fast so I had to fill the shelves with new stocks. Borrowing for the capital is not good. The only profit goes to the lender with the high interest rate that was charged on me. That business would have been good if I did not miscalculate the capital.

 

[greenie]

another mistake would be when you do everything in a hurry, just for the sake of being done.

 

[Godleads1]

Beginner's mistake in business varies from one mistake to another. A beginner could realize a huge amount at the beginning of the business and think it would continue like that. A beginner could therefore begin to spend at will. Another mistake a beginner makes is looking down on potential customers.

 

[Ehtisham memon]

I think it's first mistake is he is not take a interest in our Bussiness and Knowing boarded because first time in Bussiness only investing nothing make a profit so he distrube about the our business and leave it not take a time to our business so he become a failure to our business

 

[Adeyoola7]

They fall too in love. “The most common mistake is that they fall too in love with their startup idea…. ...
They lack support. ...
They don't know money. ...
They think in now. ...
They have plans for “perfect.” ...
They forget to ask, Will people pay? ...
They aren't flexible

 

[Ebuka Stephen]

There so many mistakes a beginner could make in a business, some make mistakes in venturing into a field of business they know nothing about, lack of knowledge and wisdom is really another key to be considered. Another thing is bad strategies too can cause failures in business.

 

[Hassan14]

What is the biggest mistake you can make when starting a business?

The person who starts a new business fails because there is no plan beforehand about the business and he is also lazy and not very interested in it so he mostly fails. It happens because they do these two things that cause them to fail in any business.

 

[Patrik]

starting the business without an enough knowledge about how the market is working, learning and knowing about the competitors, and calculating conditions, expectations and any matter that could prevent the business from running well, and experience of course

 

[ranaabubakar263]

In the beginning people don't know the business so they invest in any business but later they get confused about what I did so they should research it thoroughly first. Take it so that they can succeed.The most important thing in order to grow a business is that you know the business well and know it well beforehand.