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common mistakes made when starting a business
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[QUOTE="Jasz, post: 278898, member: 61772"] 1. Starting a business without a clear idea of the market or what you can do to take advantage of it. 2. Starting a business with too much money and not enough time to manage it properly. 3. Not setting up a good strategic plan for your business before you start getting investment from investors or running out of money from your savings. 4. Not asking for advice from experts in the field when starting your business and/or failing to understand the needs of potential customers, which means that you’re going about it all wrong from day one. 5. Failing to identify who is going to be doing what for your business, which means no proper management and no way of making sure that everything runs smoothly and effectively when things go wrong – which they do all the time. 6. Not hiring someone to help you manage daily operations of your business from day one until it's established enough to be run manually by you or another employee later on down the road (this is typically called "running lean"). [/QUOTE]
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