Top Ten Mistakes Made In The First Few Years of Business
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Consultants, coaches, accountants, engineers, and other solopreneurs starting a service business, make common mistakes that cost them to be ineffective with their resources.In turn, these mistakes bring on a slow,
frustrating success or even force them to remove their
shingle because they run out of resources, normally money.
You would think with all the training and knowledge now
available that these individuals would be making fewer
mistakes. Actually, 2004 had a large increase in business
failures due to selling a service before they cultivated
their service.
You will want to see if any of these items are biting into
your assets. You will want to be honest here:
1. You don't have all the knowledge needed to bring your
business to fruition, yet you think you do. Alternatively,
you could be missing the skills. Whatever you are missing,
you are going to need the finances to close the holes --
either through a self-education process or using outside
support.
2. You aren't honest with yourself on how much effort it
needs to cultivate your ideas and projects. Do you start a
project and give up after you work on it, and work on it,
and lose momentum or energy to complete it? If you do this
frequently, you want to evaluate your ego’s presence.
3. Do you buy into societies "quick get" philosophy? Are
you always buying the next best answer to slice bread? Stop
chasing possibilities and get down to working your
processes.
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