10 Tips for Avoiding Fatal Startup Mistakes

Posted by ivanpw under Startups
From http://www.noobpreneur.com 3503 days ago
Made Hot by: JoshRed on October 3, 2014 12:31 pm

Ten startup founders share the mistakes they made when launching their business ventures, and offer advice on how to avoid making them in the first place.

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Comments

Written by lyceum
3494 days ago

Ivan: I am not sure that I am following Malcolm's rule to the point, but I thought it was a pretty good indication of my level of mastery! ;)

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Written by lyceum
3495 days ago

Ivan: Thanks for the kind words. I often don't use the word, "expert," but I have worked 10,000 hours with new media and business philosophy!

Best Premises,

Martin

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Written by ivanpw
3494 days ago

Martin,

Following Malcom's 10,000-hour rule? According to him, you've achieved mastery :)

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Written by lyceum
3496 days ago

Ivan: Interesting description of your business. From my profile on BizSugar's moderator page:

"Martin's work as a social media evangelist and "Trader in Matter & Spirit," is to provide moral and practical support to sole traders and business-minded individuals. He helps organizations use new media to boost their supply and value chain. As a certified networker, he gives guidance to business leaders with an integrated approach based on a rational business philosophy."

In short, I am spreading better ideas regarding business philosophy and new media.

Best Premises,

Martin

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Written by ivanpw
3495 days ago

Martin,

To recap, you are an expert influencer :)

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Written by lyceum
3499 days ago

Ivan: And often in the beginning, you often don't have "time" and financial resources to delegate and outsource parts of your business operation.

May I ask what's your niche and expert area?

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Written by ivanpw
3496 days ago

Martin,

On the other hand, I believe that some of entrepreneurs delegate too early :)

My niche and expertise? Online business :) I build websites and manage them like real businesses. I'm Wordpress-savvy; I practice SEO and believe that relying on Google for traffic is silly ;)

How about you?

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Written by AngelBiz
3499 days ago

Love these tips, particularly #1 and #2. As a start-up, or for any business for that matter, you have to find a focus. There is no possible way you can do everything. Also, execution is the key for any start-up to get it off the ground. You can talk about ideas all day, but if you don't act on them they just remain on paper.

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Written by lyceum
3499 days ago

Ivan: Thanks for sharing these tips. What have you learned from your mistakes? I shared my lessons in a blog post on Open Forum (powered by American Express) in 2009.

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Written by ivanpw
3499 days ago

Martin,

The #1 lesson I learn from my mistake is this: Outsourcing and delegating is nice, but as a business owner, you need to pursue mastery. Be an expert in your niche.

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