6 biggest mistakes
Post on 02-Aug-2015
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6 BIGGEST MISTAKES
Obsession with The Product!
* Entrepreneur love good idea/product
* Confusing product vs business* It’s never what you do, it’s how you do it!
“Find PAIN of the market”
Speed!
* Most people addicted to the speed* Speed kills, so complex, high skill
“Follow the process, train & equip yourself”
Technical Success!
* Tend to believe technical success
* Nothing to do with business success
“Business success required business skills”
Irrational Exuberance!
* Over exited about the idea* Tend to ignore risk* Optimistic is critical, over exited is Crazy
“Risk & Reward analysis - Critical Thinking”
Lack of 2nd idea!
* Market, competition, customer change* Doesn’t engage with the business
“Innovate!”
* Loose Passion
Run out of cash!
* Profit vs cash* Don’t know how to play
“Business growth strategy”
“Amateur play with their emotions,PRO play with their intellectual”
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