Professional Documents
Culture Documents
Business Mistakes
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Business Mistakes
STARTING A BUSINESS ON A BAD IDEA
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Ask Around
Business Mistakes
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Business Mistakes
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Inadequate research
Revenue streams
Costs
Rivals
Customers
Product
Business Mistakes
Business Mistakes
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Business Mistakes
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Business Mistakes
Not identifying all your costs
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Staff
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Premises
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Fees
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Finance
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Technology
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Non Payment
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Contingency Cost
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Emergencies
Business Mistakes
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Business Mistakes
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Extrapolation trap
How many staff will it take?
Where will that staff work?
Are they enough customers?
The One percent market mindset
Accept good advice
-repeatedly ignoring bad advice can make us
miss good opportunities
Business Mistakes
Not putting your own money in it
By putting your own wealth, comfort and security on
the line, you give yourself enough motivation to
ensure that the business doesnt fail
Making a poor first impression
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Dont Compound on Initial error
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Manage Expectations
. Writing a business plan backwards
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Market first, Not cost first
Business Mistakes
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Business Mistakes
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Business Mistakes
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Business Mistakes
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