Are
You Making Any of These
10 Deadly Small Biz Mistakes?
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Dear friend,
These traps/mistakes are common
to many entrepreneurs:
1. Getting wedded to an idea
and sticking with it too long. Don't
marry a single idea. Remember, ideas are the currency of
entrepreneurs. Play with many ideas and see which ones bring
money and success.
2. Trying to be something
other than an entrepreneur. Entrepreneurs
are entrepreneurs. You'll give yourself a hernia if you try to
act like other people. Your difference is your strength.
3. Believing your own b.s. Entrepreneurs
are genetically wired to be optimistic. Just don't believe
everything you say to others...
4. Ignoring your cash
position. The world
(AKA customers) doesn't respond to even superior products in
the timeframe that you think they should. You'll need plenty
of cash to sustain yourself in the meantime.
5. Attracting weak staff
members. Not that many
great employees will put up with a mercurial or
childish/immature entrepreneur. If you're attracting weak
people, you'll need to mature as a human being.
6. Confusing possibility
with reality. The
successful entrepreneur lives in a world of possibility but
spends money in the world of reality.
7. Selling too hard. If
you find yourself selling an idea or product too hard to too
many people, perhaps it's time to listen to why they are not
buying and learn from that vs. trying to become a better
salesperson.
8. Not setting up support
structures. Hire people
and services to handle many of your business and personal
needs. Most entrepreneurs do better when they are fully
supported, even if transparently. Be responsible enough to
arrange this.
9. Over-delegating. Many
entrepreneurs over delegate tasks and accountabilities to
others, AKA dumping. Better to learn the skill of
responsibility and completely turning over a task or project
than assuming/hoping/needing others to come up to speed
quickly enough on their own. Most people cannot.
10. Giving up. Some
of the most successful entrepreneurs failed several times
before doing extremely well. So, if you're failing, fail. And
fail fast. And learn. And try again, with this new wisdom. Do
NOT give up. Yet, do not suffer, either.
BizMove.com
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