This document outlines 6 common start-up mistakes that entrepreneurs should avoid: 1) Not doing adequate research on the market and ignoring research results, 2) Moving ahead based on flawed assumptions about the market, expenses, and employee expectations, 3) Scaling up a business too early before solving existing problems and having adequate funding, 4) Not keeping close tabs on expenses and trying to be frugal, 5) Underestimating future manpower needs which can lead to wasted time, and 6) Not maintaining a financial buffer to deal with unexpected issues or a short business gestation period that lacks contingency funds.

1. 6 start-up mistakes to
be avoided for
Entrepreneurs
Prepared By;
Rathod Abhik
(13MMF0001)

2.  Who is entrepreneur?
 What is
Entrepreneurship?
 Who can become an
Entrepreneur?

3. Questions To be Answered
 Have you done sufficient research?
 Should you approach a venture capitalist or a bank to fund
your business?
 How much time you give to your business to start churning
profits?
 Is it a time to start a business or wait till you gain the required
experience?

4. 6 start-up mistakes
 Not doing adequate research
 Moving ahead on flawed assumption
 Scaling up too early
 Not keeping tabs on expenses
 Underestimating manpower needs
 Not maintaining a financial buffer

5. Not doing adequate research
 Sufficient market research
 Through research
 Ignoring Results
 LootStreet.com( Arun Balakrishnan )

6. Moving ahead on flawed
assumptions
 Bugs of market research
 Incorrect estimates of market Expenses
 Putting too much pressure on employees
 Taggle.com ( Rutvik Doshi )
 Koolkart.com ( Suneil Chawla )

7. Scaling up too early
 Early Growth
 Limited Experience
 Scaled up without fixing a problem
 Inadequate funding

8. Not keeping tabs on
expenses
 Unnecessary expense
 Try to be frugal
 Keep the overhead cost low

9. Underestimating manpower
need
 Lack of manpower
 Wasting time on someone’s strategy

10. Not maintaining a financial
buffer
 Hesitation to start up a venture
 Short gestation period of business venture
 Lack of contingency fund

11. The 6 Traits of successful
entrepreneurs
 Be agile
 Know your audience, and be unique
 Be a risk-taker
 Commit to a business model
 Follow your gut instinct
 Build an accessible network of experts