7 Big business Myth--listen to the story of the experienced

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Beijing Time August 21 news, according to foreign media reports, Tate interviewed 50 young well-known entrepreneurs after the combination of their feelings published a book. In this book, he combines various vivid examples to list the 7 most common mistakes that startups make. Many young people are creating their own company. But because of being young and inexperienced, it's easier to make mistakes.

Nick Tate is co-author of "Interviews:young Entrepreneurs, What It takes to made more Than Your" book. In this book, Tate lists the 7 common mistakes that young startups make most easily.

1. To listen to others say too much to be deterred

Indian entrepreneur King Sidharth (Tencent technology map)

We grew up listening to the assertions of the pundits. It is very difficult to break the habit of forming very early. In the book, Tate tells about an Indian entrepreneur King Sidharth he interviewed. He was a successful entrepreneur when he was 18 years old. But King Sidharth was taught to listen to his elders from an early age, even if he ignored his business intuition. The Tate believes that this habit largely inhibits King Sidharth's own ability to perform his business.

It also reminded the Tate of his entrepreneurial dreams as a child. When he was in high school, he had an idea of his own business, producing a candle called mandles, which lit up to produce a distinctive man's breath. Although the Tate thought it was a good idea, his family and friends thought it was stupid and the Tate gave up the idea. But just after he gave up the idea a few years later, Tate read on CNN that other people were working on the project he had thought of, and that it was a success. Now the Tate recalls special regrets, and he thinks the successful man is worthy of his study because he has a strong ability to perform.

2. Improper disposal of money

Andrew Feschen (Tencent Science and technology with map)

Tate interviewed Andrew Feschen Andrew Fashion. Feschen, a young entrepreneur, earned 2.5 million dollars by selling rocket launchers. But Feschen spent all that money before his 22 birthday. In the Tate's book, Feschen the money he earns to satisfy his personal desires-his girlfriend, go to Las Vegas, buy a limousine and so on. Now that he has grown up and matured, he has also learned how to manage his own money better. The Tate also disclosed in the book that Feschen now has a new investment plan that could make him a success again. Feschen also wrote his own memoir, "Young and stupid."

The Tate also tells about the other young entrepreneur Ben Wiesenstein (Ben Weissenstein) he interviewed. He also made a similar mistake. He has never studied finance at school, and he does not know how to plan his economic income and spending. At the age of 19, Wiesenstein didn't know the most basic accounting skills, because he never had a chance to learn them. This has largely hampered his entrepreneurial path.

3. It's hard to concentrate on your career by external factors

Lauren Amalan Station

The Tate thinks all the young entrepreneurs he interviewed will be particularly excited when they talk about their next ambitious goal. Lauren Amalan (Lauren amarante) is a 23-year-old young entrepreneur who is also co-founder of World Entrepreneurship Day. And now Amalan is affected by external factors and difficult to concentrate on the cause. In April 2010, she successfully orchestrated a CEO Conference for 35 countries and regions. Since then, she has been invited to various invitations to participate in e-mail invitations.

The Tate thinks it's a big test for Amalan, and she's been invited to conferences all over the world, and although it looks beautiful, it's a departure from her original goal. The Tate believes that her own career will take off only when the Amalan society refuses invitations. Sometimes outside interests are helpful to start a business, but more often, it distracts the entrepreneur's attention.

4. Low charges for products and services offered

Jacob Bu Cass (Tencent Science and Technology match map)

This is a widespread problem because many young entrepreneurs are not confident in their abilities, so they are always a little low when asking for a price.

Jacob Bu Cass is a graphic designer who has a lot of clients, mainly because he doesn't charge enough for his services. In fact, his service is worth far more than his own charge price.

Later, Cass raised his charges, and it turned out that his business was better than before. By raising the price, Cass eliminated customers who couldn't afford to pay, and then put more experience into limited customers, and the quality of service improved.

Tate thinks in this internet age, a lot of information as long as a click of a mouse can be found, so this generation of young people are now the best educated, they are very talented in many areas, and because of young, no experience and self-confidence, so the price is often higher than the quality of their services to provide a lot lower.

5. Do not understand the importance of creating a brand

Chow Pena (Tencent Science and technology with map)

Many young entrepreneurs are patronizing their own entrepreneurial plans, ignoring the creation of a brand for their company. Alex Fraiser, 18, has set up a blog site that now succeeds in remembering the brand trap of his early start-up or his pain. At first, his blog site clicks a lot, so Alex thought to put Google (Micro-blog) ads on their own page, that they can finally earn money. However, he soon found that his blog clicks quickly dropped, because the ads to join the scrambled site initially wanted to pass the information to netizens, but also make the design of the page become ugly, many people no longer like this site. Alex realized that he had not taken the time to secure this part of the concern and had not built his own brand online.

Chow Pena, a 25-Year-old Joe Penna, also paid a heavy price before he understood the truth. For the first three years, Pena put his tail videos on YouTube, and almost no one looked at it. The Tate wrote in his book: Pena's first video was really hard, but he uploaded what he liked, without any structural, completely messy mess. After that, Pena found that all of the videos were unified in one format and were successful. Gradually, Pena own video formed a uniform format, first is a brief introduction, and then the music import, the end of the time attached Pena produced the next video of the small trailer, so that people know what to see next time. Since Pena insists on this format, he has gradually formed his own branded video, and now his video viewing volume has increased by 1.5 million a week.

6. Don't trust others, don't worry

Emil (Tencent Technology map)

Emil Emil Motycka to mow his lawn when he was a teenager, until he started hiring when he was really busy. But he was once very afraid to hire others, which also caused his business to stagnate. The Tate says Emil spends 7 hours a day mowing lawns, and can build 100 lawns a week. It sounds funny, after all, mowing the lawn is the easiest studio, but it's not reassuring to hire people. But Emil knew the importance of customer service, and he didn't want to ruin his reputation, so he was cautious when he hired people. Emil thought he had created a company like his own baby, care for others like the first time for their children to find a nanny, although know that they should trust the nanny, but the parents in the heart is still very uneasy.

7. Should have started the business long ago

Juliet Bradac (Tencent Science and technology with map)

Young or old, many entrepreneurs have questions about whether they should start a business long ago. The Tate, summing up the young entrepreneurs he interviewed, said that in fact many people already had the ability to create companies, and if they were able to venture out early, their career prospects would be wider than they are now.

Juliet Bradac (Juliette Brindak) is the founder of the Missoandfriends.com website, and she is a good example. Bradac founded the site at the age of 11 and 8 years later Proctor and Gamble invested 15 million dollars in her company. If it wasn't for her early start, I'm afraid the opportunity would not belong to her or her company.

The Tate thinks that every year you step back from your business plan, you earn less for a year. The sooner you start, the sooner you will encounter the unavoidable difficulties and mistakes, and the more successful you will become after experiencing this painful period.