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Top 10 Mistakes People Make When Starting A Business

  • 1
    STARTING WITH A LOGO AND BUSINESS CARDS

    WITHOUT PUTTING ANY THOUGHT IN TO WHO YOUR CUSTOMERS ARE

  • 2
    TRYING TO MAKE THE BUYER FIT YOUR PRODUCT OR SERVICE

    RATHER THAN YOUR PRODUCTS OR SERVICE FIT THE CLIENTS NEEDS

  • 3
    TRYING TO DO EVERYTHING YOURSELF

    STICK TO WHAT YOU ARE GOOD AT

  • Expert Accountant
  • 4
    THE WRONG BUSINESS STRUCTURE

    GET IT RIGHT FROM THE START

  • 5
    NOT HAVING ENOUGH MONEY TO START WITH

    THE EXPENSES CAN ADD UP VERY QUICKLY

  • 6
    NO CASHFLOW PROJECTIONS

    SEE POINT 5

  • 7
    MARKETING IN THE WRONG AREAS

    KNOW WHERE YOUR CLIENTS COME FROM

  • 8
    IGNORING STRONG CRITICISM

    SOMETIMES YOUR MOST VALUABLE CLIENTS ARE THE ONES THAT COMPLAIN THE MOST (I SAID SOMETIMES)

  • 9
    DON'T DO A BUSINESS PLAN

    YES I KNOW THEY AREN'T MUCH FUN... BUT IT COULD JUST SAVE YOU FROM BEING ONE OF "THOSE" BUSINESSES THAT FAIL IN THE FIRST 12 MONTHS OF OPERATION

  • 10
    DON'T GET A GOOD ACCOUNTANT

    ENOUGH SAID

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