10 Common Startup Mistakes to Avoid

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(Last Updated On: August 25, 2014)

Just launched a start-up? Read this first

Getting a start-up off the ground can be incredibly tricky. You really only have one shot at it, and if you make too many mistakes, you can find yourself in a bit of a hole.

Wouldn’t it be great to have a heads-up on the kinds of mistakes entrepreneurs are prone to?

Relax, because at PPH this week we’ve got the lowdown on the top 10 howlers entrepreneurs make in the early stages of their new venture.
From hiring too early to snapping up the first investment offer you get, this list covers all the bases.

 

1. Hiring Too Quickly

As an entrepreneur, you are naturally eager to move fast and build a big business. Not only that, but you are by nature impatient, no matter how fast you’re moving. That’s partly what makes you who you are and why you don’t fit into the normal routine of a corporate job.

Inevitably you make the mistake of hiring someone too quickly. Just don’t do it. Listen to your hunch. Take your time on hiring—it’s the single most important investment you will make. Do it carefully.

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