Common Entrepreneurial Pitfalls, by Adam Kidan

Entrepreneurial

By Adam Kidan

Common

Pitfalls

Making things too complex

• It’s a good idea to start small!• You might want to build something complicated, but

that’s only going to get you away from the direction you should be taking

Not thinking long-term

• Launching any business is a marathon, not a sprint!

• It’s going to consume just about every bit of energy you have, make sure it’s something you’re passionate about

Thinking you can do it alone • You might think you have all the ideas,

but ultimately you aren’t going to want to work every single day!

• It pays to get a co-founder

Fearing !the !customer

• Make sure that you get customer feedback as early as possible!

• You might be afraid to speak to customers about a new business idea, but if you don’t keep their feedback in consideration, then you’ll be building a business without knowing your customers’ needs

Not learning anything

• You want to start slow and master the essentials one step at a time!

• It doesn’t matter if you do everything perfectly, just as long as you’re doing it and learning.

Being stingy

• Money might be tight, but you don’t want to cut corners with certain things!

• Pay to make sure you get good employees, branding, graphic design and solid legal counsel !

• Skimping with these will come back to haunt you.

Not networking• You can’t be a

successful entrepreneur without a good network!

• Build your own professional personal brand as well!

• Take advantage of your social media presence

Juggling between side-projects

• A successful entrepreneur doesn’t waste their time between five different projects at a time!

• Concentrate on your core business, and don’t let yourself lose focus.

Getting !out of perspective

• Your business’ health, strength and success are a direct reflection of you!

• Work hard, but never forget to take care of yourself, otherwise your business will suffer