How to avoid entrepreneurial failure

Starting a business and becoming an entrepreneur can sometimes seem like a bit of a lottery. Will you get the key deal you need? Will you be able to hang on through years one, two, three and five? There are many things you can do to mitigate any problems and to do your best to ensure success and perhaps the key is to be aware of the classic mistakes that almost all entrepreneurs make when they first start out. 1. Ignore Your Detractors We all have nay-sayers amongst us, those that say ‘you should do this not that’ or ‘you should do that not this’ – the classic line being ‘if you wanted to get to there I wouldn’t have started from here’. Having the courage of your convictions as well as confidence in your abilities and skills is important because if you don’t believe in YOU, who else will. You have no track record to demonstrate your integrity or your delivery. Of course, you don’t want (or need) to be arrogant and stubborn, there is a lot of useful stuff out there too and sometimes a little well-timed advice can have a huge impact; which is where the power of mentoring can really come into its own. 2. Check the world wants your offering There are so many things sitting on stockroom shelves that have never sold. They’ve not sold for one of two reasons. The first is that there wasn’t enough marketing done to let a waiting world know that they were available; the second is that the world never wanted it in the first place. Yes, it’s your idea and yes, a...
Source: The Hysterectomy Association - Category: OBGYN Authors: Tags: Writing Business Source Type: news