Mistakes That Will Kill Your Business When You Start Up

People fail in business because they make avoidable mistakes. Start-up entrepreneurs are possessed with enthusiasm and confidence but too often are unaware of potentially fatal business potholes that lie before them. All it takes is a single mistake, one false step, and a business can be history.

Mistake 1: Choosing a Bad Location: Startups prosper in some places and not others. Make sure you start up your office in a city. The reason why cities become startup hubs is that that’s where the experts are. Standards are higher; people are more sympathetic to what you’re doing; the kind of people you want to hire want to live there; supporting industries are there; the people you run into in chance meetings are in the same business. Who knows exactly how these factors combine to boost your startups

Mistake 2: Failing to Have a Real Phone Number for Your Business: Your clients will try to contact you through your number to know the details of the products that you offer. If your phone number doesn’t work at that time, you will surely loose that customer. Your small business should have a dedicated phone line with voicemail. Do not use your cell phone as your main business line. Also, please do not use those answering machines that come with the phone. No matter what you do, the message will never sound professional.

Mistake 3: Failing to spend enough time researching the business idea to see if it’s viable: This is really the most important mistake of all. Out of 10 business entrepreneurs, 9 entrepreneurs fail because their original concept is not viable. They want to be in business so much that they often don’t do the work they need to do ahead of time, so everything they do is doomed. They can be very talented, do everything else right, and fail because they have ideas that are flawed

Mistake 4: Failing to Have a Real Phone Number for Your Business: Your clients will try to contact you through your number to know the details of the products that you offer. If your phone number doesn’t work at that time, you will surely loose that customer. Your small business should have a dedicated phone line with voicemail. Do not use your cell phone as your main business line. Also, please do not use those answering machines that come with the phone. No matter what you do, the message will never sound professional.

Mistake 5: Failing to spend enough time researching the business idea to see if it’s viable: This is really the most important mistake of all. Out of 10 business entrepreneurs, 9 entrepreneurs fail because their original concept is not viable. They want to be in business so much that they often don’t do the work they need to do ahead of time, so everything they do is doomed. They can be very talented, do everything else right, and fail because they have ideas that are flawed.

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