What is the biggest misconception about starting your own business?
Anoir Houmou
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Sia Marinich@sia1123
CenterMe
That you'll be able to go to space for the first time!
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DIY Startup School for Solopreneurs
Learned this one while writing my way through The Success Secret book:
Your business isn't *for* you. It's ultimately not *about* you. And you can't always go by what *you* want. Because you start a business in order to help other people (in an ideal world — but I think first-time starter-uppers are inclined to ideals).
@alissaannepagano I think the first realisation one has when starting their own business is that there's going to be several occasions where you can't put your wants and needs first. So yes, I totally agree with you Alissa, great quote btw!
Collabwriting
Thinking that it means you don't answer to anyone anymore.
While it's true you don't have a boss per se, you do have clients/users, employees, a bunch o legal obligations, and possibly investors.
@sandra_idjoski totally agree, communication needs to be kept consistent at all times!
That success is guaranteed
@murali_aasaan it's never guaranteed and you can never take it for granted.
Hello everyone, in the case of a friendly deal, the companies cooperate in negotiations, and in the case of a hostile deal, the board of directors or management of the target company either does not want to buy, or the board of directors of the target company may not be aware of the buyer's offer at all. Therefore, to get started, study the information about m&a news at https://imaa-institute.org/in-th... to understand this issue in detail.
Getting started early without gaining much experience.
Unfortunately, most young people try to start a startup without any knowledge or experience, and most of them fail.
Of course, startups can be established at any age and at any time, but without experience, it is quite difficult.
@arda_finsmart agreed. A failed start-up is not always a negative, you still learn from these experiences that will build up your knowledge and understanding for future projects.