If doing business for the first time, then avoid making these mistakes

If doing business for the first time, then avoid making these mistakes

        Many people lost their jobs due to Covid-19.  In such a situation the craze of starting one's own business increased.  However, running your own business is also not an easy task, but if you have a passion for something and you have a passion for success, you can do it.

        It is true that you will make mistakes while doing business for the first time but, but some of these mistakes can be such that entrepreneurs like you have made for the first time.  You have to try and protect yourself from these mistakes.  If you do not learn from the mistakes of others and repeat the same mistakes again, you will not be a successful entrepreneur.  Anyway, a successful businessman is one who makes mistakes, but learns from them and never repeats them in the future.  Know about the same mistakes that are made while starting a business, which should be avoided for the first time.


        Wrong advice
        Many people will advise you before starting a business but most of them will be wrong.  It is true that people who give good and right advice are in great demand and have no time.  Conversely, those who have a lot of time do not have good and right advice to give you.  Therefore, you should check the reliability of the source when seeking advice.


        Hire the wrong team
    He hires his head of sales very quickly and product head too late.  In addition, many times he hires people who lack experience.  You should hire people according to the needs of your company and not be impressed by their attractive resume.


        hurry up to
        At the beginning of the business, people will advise you to do all the work first and as soon as possible but if you do too quickly, your company may fail.  For example, you do not need to spend a lot of money on your product or service in the beginning.  In the beginning, save money and keep making changes to the needs of customers over time.


        Ignore positive feedback
        Feedback is very important for the success of any business.  You make a big mistake if you ignore positive feedback, especially at the beginning of business.  You should avoid making this mistake.  You should avoid ignoring the feedback given by your old customers and venture capitalists.  Their positive feedback can make the business successful.



        Fear of market risk 
        Ignoring or underestimating the risk of starting a business can cause your business to fail.  Most startups insist on making their technology platform perfect in the beginning and spend a lot of money on it.  Instead they should take 6 months before starting a startup and talk to potential customers to know their needs and desires.  Next, start working on your idea.


        Mental fatigue ignored 
        At the beginning of business, you have to work for many hours without sleep.  It puts pressure on your brain and causes you not only physical but mental fatigue.  However, most first-time entrepreneurs make mistakes right here and ignore mental fatigue.  As a result, they face many difficulties moving forward.



        More happy with seed funding
        Getting seed capital at the start of a startup is not very difficult, so don't be too happy with yourself if you've got more seed funding.  There are very few companies that have received large funding initially and have been successful.  So do not be overjoyed with your achievement and use seed funding properly.