beginner mistakes in business

[nasiusman95]

Not Doing a Business Plan. ...
Doing What You Love. ...
Not Doing Any Market Research. ...
Ignoring the Competition. ...
Not Taking Into Account Your Own Strengths and Weaknesses. ...
Not Understanding What You're Actually Selling. ...
Not Making Sure You Have Enough Money. ...
Not Investing in Marketing

 

[Muhammadawais]

Business errors

Don't plan a business. ...

They are doing what they love you to do. ...

No market research. ...

Ignoring competition. ...

Don't overlook your strengths and weaknesses. ...

Don't understand what you're actually selling. ...

Not making sure you have enough money. ...

Don't invest in marketing.

Post automatically merged: Feb 11, 2021

Business errors

Don't plan a business. ...

They are doing what they love you to do. ...

No market research. ...

Ignoring competition. ...

Don't overlook your strengths and weaknesses. ...

Don't understand what you're actually selling. ...

Not making sure you have enough money. ...

Don't invest in marketing.

 

[abegunrinmicheal]

Not carrying out Preliminary investigation from start can be mistake when starting a business, not taking enough time investigate the business want to go into, Also not studying your competitors in your line of business can be a person downfall, Not having sufficient funds to start a business, capital plays major role when setting up a business, not having enough can drive one out of business. Again, having/showing bad attitude to customers

Post automatically merged: Feb 11, 2021

Not carrying out Preliminary investigation from start can be mistake when starting a business, not taking enough time investigate the business want to go into, Also not studying your competitors in your line of business can be a person downfall, Not having sufficient funds to start a business, capital plays major role when setting up a business, not having enough can drive one out of business. Again, having/showing bad attitude to customers

 

[eenya00]

I would try to list some of the mistakes you can make by starting out a business as a beginner, and one of such is taking a loan for your business when starting up. That is a mistake you should try to avoid because for a fact you don't know the direction the business would take.

 

[Ebensco]

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

 

[Oluwasube]

Lack of experience and raising the bars too high. If you are starting out a new business, do not raise your expectations too high because if you don't get what you speculated you might loose the positive vibes. Just take each day as it comes till your strategies begin to yield positive result.

 

[Tariq Shehzad]

One regular errors fledglings make in organizations is that they adventure into business without doing a market study to know whether the business will move in a specific climate.

 

[EMMANUEL]

Basically I want to antagonize by saying beginner in some area of business never fail, reason is that some beginner based on there recent update or review on how to manage business or based on the aspect being into this business as why working under someone before, but now start his or her own business, he or she will definitely have determine what to do to make the business moving, what not to do, the necessary precautionary measure that need to be taken as regards the stages of business.
Although no one is perfect, which i could in little bit give consent to the fact that mistake could happen that might led to setback.

 

[Ihtsham Raza]

• Not Doing a Business Plan. ...
• Doing What You Love. ...
• Not Doing Any Market Research. ...
• Ignoring the Competition. ...
• Not Taking Into Account Your Own Strengths and Weaknesses. ...
• Not Understanding What You're Actually Selling. ...
• Not Making Sure You Have Enough Money. ...
• Not Investing in Marketing.

 

[Blessingedidiong]

The first mistake I made when I started business was giving customers goods on credit. It was difficult getting the money from some of them and I couldn't produce more goods due to insufficient funds.

 

[Anas Chaudhary]

Business errors
Don't plan a business.
They are doing what they love you to do. ...
No market research.
Ignoring competition.
Don't overlook your strengths and weaknesses.
Don't understand what you're actually selling.
Not making sure you have enough money.
Don't invest in marketing.

 

[Kinglegend01]

I think the biggest and possibly the worst mistake a fresh new or old enterprenuer establishing a new business can make is to establish a business without having any idea about the business. He she does not know how the business works and what to do to ensure the sucess of that business. He made no research or findings about the business before establishing one.

 

[Youngdee]

The biggest mistake one can make is not setting a clear goal of what your business is about and what you really want to achieve. This mistake is always as a result of no proper planning or business plan. Another big mistake a person can make is starting a business on too much debt or loan. You will run at lost before you know what’s going on.

 

[Xerryl]

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

 

[Asad Ali]

I witnessed what I felt was a huge mistake at a startup in my first business. Since my shop is located in front of our house and no charter, I did a dive even if I had insufficient money. The first few days before customers arrived were easy. I had to fill the shelves with new stocks. The supplies were depleted fast. It's not nice to borrow for the money. The lender with the high rate of interest paid on me earns only benefit. If I didn't miscalculate the money, the company would have been successful.

 

[Chibson]

Of course beginners make a lot of mistakes you never respect of life both in business and other areas of life. When i started my online journey eventually too many fake platforms that never paid me a dime. Of course i am still learning from my mistakes and trying to make enough research in order to be successful.

 

[Adebola]

When creating your product and determining your business model, it’s critical that you have a customer-first mentality. Yet many new entrepreneurs are so concerned about making money (understandably) that they forget the key to having a sustainable business and having satisfied loyal customers who will buy over the long term.

 

[Adetayo100]

Beginners mistakes are mistakes that can be avoidable in business if you have followed or have a good business plan and strategies. You just don't go into business because others are going into it too. You need a good business plan.

 

[idhans]

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

A lot of beginners makes costly mistakes while going Into a business. One of the mistakes they make is that they go into a business because their friend, or their family people is into that same business without actually studying, and knowing everything, and the risk that is involved in the business.

 

[Waseem74]

Business Mistakes

• Not Doing a Business Plan. ...
• Doing What You Love. ...
• Not Doing Any Market Research. ...
• Ignoring the Competition. ...
• Not Taking Into Account Your Own Strengths and Weaknesses. ...
• Not Understanding What You're Actually Selling. ...
• Not Making Sure You Have Enough Money. ...
• Not Investing in Marketing.