Earlier we highlighted some advice on big mistakes that leaders of large organizations make. Some of the advice applies to smaller operations, but a lot of it doesn't quite fit for the startup entrepreneur. So in keeping with the mistakes theme, here's a list of the top 10 Mistakes that Startup Entrepreneurs Make, that Rosalind Resnick--founder and CEO and Axxess Business Consulting Inc.--put together for the Wall Street Journal:
1. Going it
alone.
2. Asking too
many people for advice.
3. Spending
too much time on product development, not enough on sales.
4. Targeting
too small a market.
5. Entering a
market with no distribution partner.
6. Overpaying
for customers.
7. Raising too
little capital.
8. Raising too
much capital.
9. Not having
a business plan.
10.
Over-thinking your business plan.
Read Resnick's detailed descriptions of these common mistakes here.
Posted
09-02-2010 1:11 PM
by
Graham Griffith