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.

1. Mistakes Entrepreneurs
make

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. 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. • 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. 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. 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. 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. 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. • 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.
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