Mistakes to be avoid by startups | Fusion - WeRIndia

If you are starting a business, there are few things that you need to remember. Avoid the following mistakes to get better success.

1. Not researching your target market
2. Incomplete business plan
3. Obtaining loans from friends and family
4. Expecting immediate profit
5. Not focusing on the client
6. Disregarding controlled testing
7. Counting on your own legal and accounting skills
8. Trusting verbal agreements
9. Attempting to try and do everything alone
10. Sacrificing personal relationships for the business
11. Doing what you like
12. Ignoring the competition
13. Not taking under consideration your own strengths and weaknesses
14. Not understanding what you’re really selling
15. Not ensuring you have got enough cash
16. Not investing in marketing
17. Not understanding technology
18. Keeping a 24-7 operating schedule
19. Too several calls to and from family and friends
20. being too busy to remain organized
21. Beginning each day without an idea
22. Weak monetary designing
23. Setting non-realistic, non-measurable goals
24. Hiring wrong individuals
25. Not planning ahead
26. Waiting long to sell
27. Selling to the incorrect person
28. Not having enough emergency funds
29. Not having a backup plan
30. Focusing an excessive amount of on results
31. Lack of strategy
32. Not executing the strategy as needed
33. No room for criticism
34. Led by too many opinions
35. Losing /diverting focus
36. Acting on assumptions
37. Underestimating manpower wants
38. Unhealthy pricing
39. Concentrating completely on sales
40. Extending credit too early

Image Reference: Zaetric