Mistakes entrepreneurs make

130
-1

Published on

Entrepreneurs when they plunge into a Startup for the first time lack experience and tend to take decisions that could prove to be disastrous to the future company. These slides give a brief overview of such hurdles that the Entrepreneurs encounter.

Published in: Business, Technology
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
130
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Mistakes entrepreneurs make

  1. 1. Mistakes Entrepreneurs make
  2. 2. • Entrepreneurs when they plunge into a Startup for the first time lack experience and tend to take decisions that could prove to be disastrous to the future company. • The slides that follow give a brief overview of such hurdles that the Entrepreneurs encounter. • These slides are not meant to scare entrepreneurs of the risk involved but instead serve as a word of caution.
  3. 3. Taking money from family and friends • It is good if you have a circle around you in your family but before you convince them to invest in your idea you need to keep a few things in mind. • Make sure you chalk out a perfect agreement with regards to the sharing of the company and the future you are envisaging.
  4. 4. • Failing to do so could prove to be disastrous to both the running of the company and the relationship you share with the investor. • Also when the investor is family or a friend, he/she might want to interfere too much with the way the company’s run thus taking the discretion away from you.
  5. 5. Extravagant spending before earning Wanting to have a state of the art office and ultra modern equipment for the running of your startup is fair enough but you need to be judicious is your expenditure because you are spending even before you have started earning.
  6. 6. Quitting your day job You need to weigh your odds carefully before you quit your day job as you’ll have to decide between time and stopping your only source of cash inflow in the initial stages of your startup.
  7. 7. Know your market before you dive into it • This is one of the most important things that an entrepreneur has to do before his startup becomes functional. • You should get to know your potential consumer his traits, likes and dislikes. • You need to go out and interact with your consumers to know them better and to be able to serve them better. It is this aspect that separates a successful startup company from an unsuccessful one
  8. 8. Give Marketing its due • The product you deliver and marketing are by far the most important aspects of your startup company. • Some of the entrepreneurs tend to invest all the time on product development and ignore the marketing aspect of it. • Product development is important, no doubt but also important is whether your product is sold or not. So, marketing should be given its due.
  9. 9. • These slides try to give an insight into some of the mistakes young Entrepreneurs might make once they plunge into the Startup. • Mistakes do happen and successful entrepreneurs like Bill Gates and Steve Jobs have also seen lows in their business career. But it the ability to bounce back and a Never Give up attitude that separates a successful Entrepreneur from an unsuccessful one. For more details visit our blog: http://www.utthishta.com/blog/
  10. 10. Contact Us • www.utthistha.com • Blog : http://www.utthishta.com/blog/ • Slideshare: http://www.slideshare.net/Utthishta • Youtube: http://www.youtube.com/UtthishtaSeedFund • Google + https://plus.google.com/108795327446527541978/ https://www.facebook.com/utthishta @Utthistha

×