4 Common Mistakes to Avoid in Business
Underestimating the length of the journey
This is the lesson I believe is the most important one. We’ve looked at so many examples of companies that weren’t successful immediately. Take FedEx, Amazon, and Microsoft. All big companies that didn’t become the behemoths they are within a few months.
ESPN is another example. They started in 1978. They endured a turbulent time until they were finally able to start turning a profit in the middle of the 1980s. Today they’re one of the biggest sports channels in the world.
You must be in this for the long haul.
Related: How to Start a Business: a Step-by-Step Guide to Growing Your Big Idea Into a Successful Company
These are the four mistakes I believe most young entrepreneurs make. Know them, understand them, and get them out of your system so that you can be well on your way to the path to success as a business owner.
Published at Wed, 08 Nov 2017 12:30:00 +0000
