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10 MISTAKESYOU WILL MAKE  AS A FIRST TIME ENTREPRENEUR
NO REALLY...YOU WILL MAKE     THEM
DON’T WORRY THOUGH   I’VE MADE   THEM TOO
Entrepreneur    DJ    Tech-guy      converte                 d to    biz-guyAnders Fredriksson@andefredsoundcloud.com/hous...
#1: KEEP YOUR IDEA           SECRET
OTHERWISE SOMEONEWILL STEAL YOUR IDEA!!
NOTHEYWON’T
IF YOU ARELUCKY   THEY’LL TELL YOU WHAT             THEY THINK
PITCHEVERYONE
wait for theOh wow!MOMENT
#2: DON’T LAUNCH UNTILYOUR SERVICE IS COMPLETE           WITH FEATURES
WE HAVE TO HAVEFEATURE X     ...OTHERWISE USERS         WILL HATE   US
NOTHEYWON’T
IN FACT...   THEY’LL PROBABLY HATE        YOU IF YOU DO
DOONETHING
#3: WRITE A COMPLETE         BUSINESS PLAN FIRST
FIRST PARAGRAPH IS AHYPOTHESIS...     PROBABILITY OF BEING         CORRECT IN THE                    LAST?
STOPWASTING TIME
#4: MEASURE SUCCESS       WITH THE PR YOU GET
PR IS GREAT...
NOT THETRUTH
NOT   AMETRIC WORTHMEASURING
#5: BELIEVE YOUR PRODUCT ISFOR EVERYONE
WHO IS YOURCUSTOMER?EVERYONECOULD USE IT!
NOTHEYCAN’T
BE VERYSPECIFIC
BUT REMEMBER...      CUSTOMERS ARE NOT       NECESSARILY USERS
“If you are not paying for              something, you are not                      the customer...... you are the product...
#6: RUN AS FAST AS          POSSIBLE
EVERYTHING IS GOINGGREAT...(?)       ...LETS HURRY WHILE                   WE CAN
REMEMBER WHAT YOULEARN       APPLY IT THE NEXT                   WEEK!
#7: RAISE ONLY ENOUGH       MONEY YOU NEED            RIGHT NOW
OUR BUSINESS PLANSAYS...     WE’LL MAKE A BUNCH         OF MONEY SOON
NO YOUWON’T
#8: RAISE MORE MONEYTHAN YOU’LL EVER NEED
OUR SERVICE IS FREE...     ...WE’LL MAKE MONEY   ON ADVERTISING ...SOON
NO YOUWON’T
#9: MICRO MANAGE
YOU KNOW BEST...         YOU HAVE TO DO          IT EXACTLY LIKE                    THIS
BUILDCULTURE
#9.5: DO EVERYTHING           YOURSELF
I CAN ROLL MY OWNDESIGN FOR NOW...
NO YOUCAN’T
#10: DO EXACTLY WHAT      YOUR MENTORS TELL YOU
THEY’RE REALLY GOODENTREPRENEURS...        I’LL JUST DO WHAT                  THEY SAY
PLEASEDON’T(this presentation is an exception to the rule...)
ENJOY THE MOMENTIGNORANCE IS BLISS
MAKE THOSE MISTAKES AS FAST AS YOU CAN
10 mistakes you will make as a first time entrepreneur
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10 mistakes you will make as a first time entrepreneur

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This is a presentation that I've given on a couple of occasions trying to teach first time entrepreneurs about the 10 mistakes that many do as first timers. I did them myself too.

Published in: Business, Technology

10 mistakes you will make as a first time entrepreneur

  1. 10 MISTAKESYOU WILL MAKE AS A FIRST TIME ENTREPRENEUR
  2. NO REALLY...YOU WILL MAKE THEM
  3. DON’T WORRY THOUGH I’VE MADE THEM TOO
  4. Entrepreneur DJ Tech-guy converte d to biz-guyAnders Fredriksson@andefredsoundcloud.com/house_of_fredanders@shpare.com
  5. #1: KEEP YOUR IDEA SECRET
  6. OTHERWISE SOMEONEWILL STEAL YOUR IDEA!!
  7. NOTHEYWON’T
  8. IF YOU ARELUCKY THEY’LL TELL YOU WHAT THEY THINK
  9. PITCHEVERYONE
  10. wait for theOh wow!MOMENT
  11. #2: DON’T LAUNCH UNTILYOUR SERVICE IS COMPLETE WITH FEATURES
  12. WE HAVE TO HAVEFEATURE X ...OTHERWISE USERS WILL HATE US
  13. NOTHEYWON’T
  14. IN FACT... THEY’LL PROBABLY HATE YOU IF YOU DO
  15. DOONETHING
  16. #3: WRITE A COMPLETE BUSINESS PLAN FIRST
  17. FIRST PARAGRAPH IS AHYPOTHESIS... PROBABILITY OF BEING CORRECT IN THE LAST?
  18. STOPWASTING TIME
  19. #4: MEASURE SUCCESS WITH THE PR YOU GET
  20. PR IS GREAT...
  21. NOT THETRUTH
  22. NOT AMETRIC WORTHMEASURING
  23. #5: BELIEVE YOUR PRODUCT ISFOR EVERYONE
  24. WHO IS YOURCUSTOMER?EVERYONECOULD USE IT!
  25. NOTHEYCAN’T
  26. BE VERYSPECIFIC
  27. BUT REMEMBER... CUSTOMERS ARE NOT NECESSARILY USERS
  28. “If you are not paying for something, you are not the customer...... you are the productbeing sold”
  29. #6: RUN AS FAST AS POSSIBLE
  30. EVERYTHING IS GOINGGREAT...(?) ...LETS HURRY WHILE WE CAN
  31. REMEMBER WHAT YOULEARN APPLY IT THE NEXT WEEK!
  32. #7: RAISE ONLY ENOUGH MONEY YOU NEED RIGHT NOW
  33. OUR BUSINESS PLANSAYS... WE’LL MAKE A BUNCH OF MONEY SOON
  34. NO YOUWON’T
  35. #8: RAISE MORE MONEYTHAN YOU’LL EVER NEED
  36. OUR SERVICE IS FREE... ...WE’LL MAKE MONEY ON ADVERTISING ...SOON
  37. NO YOUWON’T
  38. #9: MICRO MANAGE
  39. YOU KNOW BEST... YOU HAVE TO DO IT EXACTLY LIKE THIS
  40. BUILDCULTURE
  41. #9.5: DO EVERYTHING YOURSELF
  42. I CAN ROLL MY OWNDESIGN FOR NOW...
  43. NO YOUCAN’T
  44. #10: DO EXACTLY WHAT YOUR MENTORS TELL YOU
  45. THEY’RE REALLY GOODENTREPRENEURS... I’LL JUST DO WHAT THEY SAY
  46. PLEASEDON’T(this presentation is an exception to the rule...)
  47. ENJOY THE MOMENTIGNORANCE IS BLISS
  48. MAKE THOSE MISTAKES AS FAST AS YOU CAN

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