Things to avoid when starting a business

[Eyiteepraise]

Before starting a business, the most important thing to do is to write out the business plans and strategize on how you can make your plans come to fufilment. Then avoid starting a business in more competitive areas.

 

[Emma Aneni]

Things to avoid when starting a businesss are
• Not Doing a Business Plan
•Doing What You Love
•Not Doing Any Market Research
you should also always have some back up savings in case there’s need to cover or take care of miscellaneous expenses.

 

[Abisola]

Not Doing a Business Plan. ...
Doing What You Love. ...
Not Doing Any Market Research. ...
Ignoring the Competition. ...
Not Taking Into Account Your Own Strengths and Weaknesses. ...
Not Understanding What You're Actually Selling. ...
Not Making Sure You Have Enough Money. ...
Not Investing in Marketing

 

[Onachukwu]

Don't be afraid to fail​

"The biggest mistake you can make is to be afraid of failure. Failure is key to your success, and jumping into your fear is very positive for your future business. How you pick up after failure and learn from your mistakes is the key to great success.

 

[Setfragil]

There are a lot of things that can bring a business down or make a businesses not to function again. Before you venture into any business you need a good market research about the product or the goods and services you want to be offering in your community. Another thing to avoid in a business is selling products that are of low standard or selling things that is prohibited in the localities where the business is situated.

 

[Psalmsavatar]

We all make this mistake. In the beginning, we underprice our product because we think that cheaper prices will translate to more customers. Wrong. If you provide great customer service and a convenient experience, most customers are willing to buy a more expensive product. In fact, price does not even make it to the top 5 of customer concerns.