Steve Jobs once said that what separates the successful entrepreneurs from the non-successful is “pure perseverance”. And that’s right; when starting your own company, perseverance is one of the things you should be doing. But, that also means there are start-up mistakes you shouldn't be doing. It’s a fact that 1 in 4 start-ups fail, but fortunately, yours won’t be one of them! Yeah, getting your work permit and registering your company are things you need to do to get your start-up started. However, there are 6 other mistakes you need to avoid in order to become start-up-successful. With our advice, you’ll be avoiding these start-up mistakes and making wins instead!
1. Not taking it seriously
For the sake of your business becoming successful, you need to take it seriously. That means, you need to view yourself and your company as legitimate. Now, that doesn’t mean you should be arrogant and think you have everything figured out; all of it is a learning process. However, you should think about details like company emails, where you can answer emails from clients or customers. You should also see yourself and call yourself the corresponding titles, like ‘founder’. You should also dedicate enough time to your company and know what you’re talking about.
2. Choosing the wrong team
If you have a team, you’ll need hard-working and reliable teammates or employees to help your company reach success. Don’t employ friends or family over qualification. Of course, if they are qualified and they are an asset to the company, by all means, use them! Though, you don’t want any slow-pokes or people who can't operate a computer…
3. Not taking technology serious
One of the best things about working at a start-up or being a student entrepreneur is that the Internet allows you to spread your message around the world! You should aim to create a nice-looking and functional website for yourself, especially if that’s how clients contact you or that is fundamental to your company. Aim to use the right plugins and correct software. Moreover, social media is a really important tool to reach your market and promote yourself. Instagram, Facebook, Twitter and YouTube are only some of the platforms you should learn more about.
4. Thinking you are above start-up mistakes
Learning isn’t only for university; you need to learn before you succeed. Going back to that point about being arrogant, you shouldn’t set yourself the expectations of succeeding with only your own experience. Not only will you disappoint yourself, but it might hurt your company. It’s a good idea to read all about businesses, both successful and failed ones. Learn from other’s successes and mistakes, so you can know how to avoid your own.
5. Not following the 9 steps
To start your own business, it takes more than the idea (though that’s one of the most important aspects of it). You also need to follow steps to get started, like creating a business plan and choosing an insurance. Besides, that also includes things like picking a business structure. And, don’t forget to register for a working permit, be that a self-employment permit or even a Startup Visa.
6. Overestimating or underestimating yourself
If you want it to succeed, you need to be prepared to put a lot of work into it. Passion (yes, that over-used word) is important because you need to truly trust in what you are doing and why you are doing it. Even when there are more downs instead of ups, you need to keep up the hard work. And finally, don’t think you know everything, but do believe in yourself and your vision! By staying humble and working hard, you’ll be sure to succeed!
Mistakes are normal; learning from them is even better. But with this post, you'll be avoiding these common start-up mistakes for sure! We'll be reading about your success soon enough...
What are your experiences with start-ups? Join the conversation by commenting!