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What are the most common mistakes first time entrepreneurs make?

Ali Naqi Shaheen
2 replies
As a result, entrepreneurs are starting their own businesses earlier than ever before. While this can be a good thing, it has also led to more than a few unnecessary failures. What do you think are the most common mistakes?

Replies

Leyla Aliyeva
I would say a good "business plan" evaluating the market for your product or service and the competition you’ll face. To looks at the amount of money you’ll need to get started and run your business and the income you can expect to make. Putting together a business plan takes some work, and there’s a chance that you’ll discover that your great business idea isn’t so great after all. Because of this, a small business owner sometimes jumps right in without a plan and then wonders why things didn’t work out the way he imagined.
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WorkHub
@leyla_aliyeva1 Yes, you are right. Planning and implementing an idea that can run successfully for a long time is not easy. But how can one verify if they have developed a sustainable business idea? What type of work should one be doing apart from proper research?
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