beginner mistakes in business

[tyrim88]

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

There are a lot of mistakes most persons who are starting up a business make,not carrying out a proper feasibility study on the type and nature of the business,not understanding the prefrence of the customers the intend to serve,lack of financial discipline,lack of good managerial skill to control process and operations.

 

[Thinker009]

The biggest mistake I think I could make is actually not managing the business properly , because as a beginner the first thing that should come to your mind is managing the business property before anything else

 

[joy101]

The biggest mistake one can make when business not having proper planing about the business you want to, also to not having proper knowledge about it.

 

[Immilash]

I think the best mistake that you can make is not planning, when you don't plan you will definitely failed, to start a successful business you need to plan in order to succeed.

 

[YERUS]

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

The biggest mistake one can make when starting a business is not planning effectively for that business.
Poor planning would ruin or even crumble the business in no long time.
It encompasses all other details of a business, so if a mistake is to occur, it would be due to poor planning.

 

[Godspower]

Lack of proper planning and business strategies are two major reasons why new businesses or start-ups fail. Any business without proper planning is bound to fail with time.

 

[tyrim88]

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.

This is another issue most business owners are actually having when it comes to starting a business,And this is caused by lack of discipline,another is lack of strategic plan on how to get customers for continous patronage.

 

[Niftyyem]

This is another issue most business owners are actually having when it comes to starting a business,And this is caused by lack of discipline,another is lack of strategic plan on how to get customers for continous patronage.

Absolutely! The early days of any business are not meant for relaxing no matter how successful things are at those times, infact, that is when more commitment is needed in funds, time and other resources.

 

[Justin]

A lot of newbies make the same mistake, they start selling products that a lot of people are already selling, they choose high selling products thinking that it is a safer option. However, this does not always work

 

[CeeJase]

As far as business is concerned I believe that everyone makes one mistake or another but most important thing is for you to learn from your mistake and not repeat it all the time to save yourself some losses.

 

[Good-Person]

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

One of the biggest mistake I made was that I invested money into crypto trading without even knowing how crypto trading works. You cannot simply invest money into crypto just by relying on your luck alone. You must have proper knowldge about the business you plan to invest in.

 

[Kaffyfolla]

The beginner in the business belief in only how to make profit, photocopy the competitors without proper business plan

 

[Ezekiel]

Possible mistake that a beginner can make if not careful is inability to manager the company source of income,and other companies matters,managerial issues at the same time

 

[Kingstone]

There are many mistakes one can make while starting a business. They may be overlooked at first but in the long run, will hamper the growth of the business. One of such things is that when one decided to start a business without a plan and budget

 

[Abigael]

There are many mistakes one can make while starting a business. They may be overlooked at first but in the long run, will hamper the growth of the business. One of such things is that when one decided to start a business without a plan and budget

That is right. So many people make the mistake of starting a business without a well laid plan and financial budget. Then when the business starts, it does not go far because there are no well laid plans that guide action in business.

Post automatically merged: Nov 9, 2021

There are many mistakes one can make while starting a business. They may be overlooked at first but in the long run, will hamper the growth of the business. One of such things is that when one decided to start a business without a plan and budget

That is right. So many people make the mistake of starting a business without a well laid plan and financial budget. Then when the business starts, it does not go far because there are no well laid plans that guide action in business.

 

[kinqzbitz]

Well first of all is actually starting a business with a loan when you are not sure of how you will pay and also starting a business without knowledge of that business and giving out your products to people on credit

 

[Ghost]

I believe the commonest mistake is not carrying out enough and detailed check on the business before operating. Everything must be well planned out

 

[tyrim88]

The mistakes anyone that is just starting up a business newlly would be not properlly understanding the market he is going into,amd then the needs of the customers he is suppose to be rendering services to.

 

[Smiles20]

One of the biggest mistakes that you can ever make it going into a business without doing research. Some people just go into business because they see other people becoming successful in it.

 

[Shigobad2020]

One of the begginer mistakes in business is that they don't follow a good business plan which affects the business negatively in the future and some also tend to start their business at a wrong location.