Mistakes you wish you could have avoided as an entrepreneur

[eldavis]

During the cause of starting your own business, i am pretty sure you must have made one or more mistakes looking back you wished you had avoided them. For me one of the biggest mistake i made was letting my fear make me procrastinate certain decisions i needed to have made back then. What was yours?

 

[Magnus2022]

I use my capital to start building counters that is expensive. I would have concentrated on buy more goods than beautifying my shop. I spend my capital decorating my shop and later my capital is not enough to buy enough goods.

 

[IB D]

The mistake I made was accepting raw materials from a source I never trusted enough. It wrecked and almost ruined the business

 

[jetsaints30]

I guess not conducting thorough market research and understanding my target audience before launching a product or service.

 

[Bisolami]

During the cause of starting your own business, i am pretty sure you must have made one or more mistakes looking back you wished you had avoided them. For me one of the biggest mistake i made was letting my fear make me procrastinate certain decisions i needed to have made back then. What was yours?

I think one mistake is allowing anything or accepting anything from customers.
I'm talking about debt or disrespect.

 

[eldavis]

I think one mistake is allowing anything or accepting anything from customers.
I'm talking about debt or disrespect.

True, the standards you set for yourself is the same standards your customers would treat you.

 

[Shavkat]

The only mistake that I had done when starting up my online selling is the pricing thing. I did not anticipate that I need to give some discounted prices to attract the clients. Regardless, I was able to fix this.

 

[Reedex]

Entrepreneur should try to avoid mistakes in businesses because it could be costly and it could bring the business down.

 

[nomad]

I wish I had started earlier. I created my first website in 2015, however, I was trying to earn online since 2010. I wish I had created my website back then.

 

[cherry123]

one of the biggest mistake i made was not continuing with my first business it was really promising. Now I just keep procrastinating on things I should have done years

 

[Niyi Briggs]

One of the biggest failures I regret is not starting my business when I was in University when I was getting free money. I had the idea but waited to graduate first and I eventually struggled to start.

 

[Sanjeev]

I don't own a business but I would never make a mistake setting up things for producing more than the demand and going in a loss. I will do the market research first before starting any new business.

 

[astutimeliana723]

During the cause of starting your own business, i am pretty sure you must have made one or more mistakes looking back you wished you had avoided them. For me one of the biggest mistake i made was letting my fear make me procrastinate certain decisions i needed to have made back then. What was yours?

Yes, you are right, mistakes often occur in business. In addition, the fear of failure and lack of self-confidence also makes a person not dare to take a step further. There are also those who think too much so they don't act to carry out every business idea that exists.

 

[Niyi Briggs]

I don't own a business but I would never make a mistake setting up things for producing more than the demand and going in a loss. I will do the market research first before starting any new business.

This is the mistake that many budding entrepreneurs make. They are always busy calculating potential profits. They don't sit down to ascertain if the business they want to start has people that would patronize the products.

 

[cherry123]

We just have to forget about the fear of failure and remove the lack of self-confidence in starting a business just go ahead with starting it and other things will fall in place

 

[astutimeliana723]

I don't own a business but I would never make a mistake setting up things for producing more than the demand and going in a loss. I will do the market research first before starting any new business.

Yes, doing market research before starting a business is very important, so that we are not wrong in making business decisions. Because with accurate market research data, at least we know what many people need, so we can take it as a profitable business opportunity.

 

[SHAHID987]

At this moment when I look back then I realized that one mistake I had done before starting this business was the selection of a shop, my shop is located in a lower-class area where I still did not get much more customers who can purchase an average price items.