10 members of Young Entrepreneur Council were interviewed about their biggest mistakes as an entrepreneur, and how they can be avoided. These were the top 10:
1. Not Asking For Help
Build a a team you can trust and mentors to guide you. Ask for help.
2. Overusing Personal Capital
Limit the amount of personal capital you’re willing to invest.
3. Lacking Focus
Keep tabs on the multiple action items you might be dealing with as a CEO or team member.
4. Treating Your Business As A Hobby
You can treat your business as a hobby or take a consistent and focused approach. It does make a huge difference.
5. Saying 'Yes' To Every Opportunity
Make sure you invest in opportunities that align with your core objectives and deliver results.
6. Not Believing In Yourself
You gotta believe in yourself first. There’s little room for lack of confidence.
7. Not Getting Expert Legal Advice
Make sure you’re working with legal advisors early. That’s the best way to avoid errors later.
8. Spreading Yourself Thin
Focus on tasks with the most impact and prioritize.
9. Doing Something You Don’t Love
Folks with passion win. Do you love your work?
10. Trying To Know All The Answers
Tap into the expertise around you. No entrepreneur has all the answers.
Read more at Forbes.