WHAT ARE THE MOST COMMON STARTUP MISTAKES ?

It is absolutely obvious that business is not an easy target and it is quite hard to be able to cope with all the business issues and to operate well, especially when you are new in the market, when you lack of experience. In this case mistakes are normal and everyone can make mistakes in business, even the ones who have long experience in it. In this article we will try to understand what are the most common mistakes that can lead your start up to fail. Usually most of the business articles are focused on what you should do in order to be successful, but  we think that it is equally important to know what you should not do in order to succeed in business.

SO now let’s understand what the most common mistakes are that will lead you to the failure of your business startup.

• Not always media coverage is good, it can harm as well. The thing is that when the entrepreneur focuses on marketing and media coverage, he or she tends to close eyes on some of the major problems. Not always the money that you will spend on media coverage will be a justified risk. You should pay attention to the domestic situation of your company and after that only make such a decision. Very often entrepreneurs cannot wait to become famous, but make sure that you operate well and that your product or service is on high level before making it famous, otherwise you will harm your company.
• Another very popular and common mistake for entrepreneurs do not start the branding of company immediately after they set the company. Branding the identity of your company, the way it will be remembered by public. SO if you want to make sure that it works well you must work on the branding.
• A lot of companies go every opportunity that will provide them with money. This is another mistake, because you should take as much clients as you can serve, otherwise your work will collapse. Do not chase every single money-making opportunity and be loyal to some working and result standards.
• Sometimes your business plan is great but when it comes to actions, where is your plan? The problem is that not all the great ideas can come true. So take into consideration whether it can be realized or no. You should also take into consideration every single details and put into action all that you have in your plan.
• Sometimes entrepreneurs underestimate the importance of money. The mistake is that they only count on how much the company will cost them, but there will be times that you will have to spend but not gain anything. So you should foresee this all and make your steps based on this.
• Entrepreneurs sometimes avoid partners and collaborators. However, to do not ignore all the potential partners as they can help you a lot with your operation when you face hard times. Try to connect with people of the same field and they will be useful for sure.
• One of the worst mistakes that you can ever allow yourself during running your startup is changing your strategy. The thing is that many entrepreneurs see no result and they want to change the strategy, but success takes time. You cannot be successful from the day you start. So your success is largely dependent on time. DO not change your strategy because it may lead to complete failure.
• Another common mistake for entrepreneurs is that actually they do not count with others while making decision. If you hire people to work with, it means that you already trust them in work, so if you trust them in work means that you can actually allow yourself to pay attention to their ideas as well. So our advice is that you should consult with your workers and ask their opinion as well. Some of them can have great ideas and opinions.

These are the most common and popular mistakes that the people who start up can have. Try to avoid these mistakes because they lead you to nowhere.  Do not apply to media coverage unless you are on the level you want to be known for, do branding, be active on Facebook  and on social media, pay attention to the people you work with, find people who work in the same sphere to make contacts with.  All of these factors are very important of you want to make sure that you are doing great on business and that your startup will only grow up and up. Try also to see several steps further. A person who is good in business must be able to foresee, forecast and make decision based on it.  So avoid all of these mistakes mention above and your chances will be high.