Seven of Sins often committed by young entrepreneurs

Many young people are already on the road to entrepreneurship, generally young and inexperienced, and more likely to make mistakes than older people, and starting instructor Nick tart with many young people, working with people to write a book, "Young entrepreneur, how can you be stronger than your parents?" In the book, he sums up 7 of sins that our young entrepreneurs often commit.

1. Listen to people too much don't trust their intuition

Along the way, we used to listen to authority, this habit is difficult to break.

Tart's visit to an Indian entrepreneur, King Sidharth, was successful at the age of 18, but he also had to ignore his instincts to listen to older people's persuasion, but these were clearly shown to inhibit the Sidharth venture.

And tart himself in junior high school, he had an idea: Mandles "These are like candles shining on my life." "Even when he thought it was a brilliant idea, when he told his family and friends, they said it was a stupid idea, but tart stuck to his idea and read the CNN content at the time to know he was successful." Tart to Sidharth praise: "That young man really trustworthy, he dared to do, believe that their consciousness, than most people better." ”

2. Will not manage the money

Andrew Fashion, a young man who sold 2.5 million of dollars in mechanical rocket launchers, spent all his savings at the age of 22. He spends most of his money on unimportant places: Beauty, Vegas travel, fancy cars and friends. "Now he's old, but he's reformed:" Now Fashionfashion has a new http://www.aliyun.com/zixun/aggregation/39465.html > Investment Plan. ”

3. Inability to concentrate

When visiting many entrepreneurs they are always excited about the next goal, such as world Entrepreneurship's 23-Year-old co-founder Lauren Amarante, who assembled a CEO from 35 countries in the United States in April 2010, after the successful meeting She received all kinds of invitations and emails and wanted her to attend the meeting all over the world. But it made her unable to concentrate on her job, so one day Amarante started rejecting the invitations and her business became better, so remember that outside events often bring more distraction than help.

4. Valuation of their own products is too low

Many people are unsure about their abilities, and Jacob Cass is a more than 20-year-old graphic designer. He has a lot of customers, because his expenses are not high, but the quality is very good. At last he raised the price of his service, but his business was better. It's not worth spending too much time to get rid of the weaker customers at higher prices, so Cass has more time to deal with his big clients and important customers. In fact, many young people see their products as worthless, but they are more intelligent and educated than any generation.

5. Do not pay attention to create brand effect

Many young people only focus on implementing an idea, but forget to give the product a label. Alex Fraiser, 18, successfully built a blog and then fell into a poor brand trap. Because Fraiser think his blog since the flow, you should hang Google Ads, and then immediately make money. This ugly interface drove the client away.

6. Lack of trust

Emil Motycka a lawn mower from his teens, but he was afraid to hire anyone, so his business stalled.

He spends hours a day cutting more than 100 lawns a week because he thinks the service is important and he doesn't want to ruin the good name.

7. Always Love Procrastination

Many young people are always hesitant about starting a business right away, Missoandfriends.com founder Juliette Brindak is a good example, she started the company at the age of 11, and eight years later got 15 million dollars in investment, If she waits till now, how long will she wait?

Every time you delay a year you will lose a year of money, the sooner you let it see the light, so that errors can be adjusted in a timely manner, the sooner you get success.

Via BI

Source: Lei Feng Net