Things to avoid when starting a business

[Josemendez]

Most times people just start a business without having a good plan , some even want to make it fast .these are part of the reasons why some start up business fails.
There is need to avoid focusing much on your competitors , because it can be discouraging.

 

[jay]

Don't let your ambition be way above the business, watch your expectation for the business because needs its time to mature. Improve on your customary service, don't let tamper get the better of you in a case of annoying transaction.

 

[shakky2]

things to avoid when starting a business are not trying to confirm any detail and opportunities that come your way, venturing a business that you consider lucrative because your friend also does the same business and not building your business plans effectively

 

[Turgut]

Don't Waste Too Much Time on Your Business Plan. ...
Don't Be Afraid to Pivot. ...
Don't Rush to Be First to Market. ...
Don't Ignore Paperwork. ...
Don't Ask Everyone You Know for Funding

 

[solomonmali]

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.

You are right. Making a business plan is what everyone starting a business should do. It’s not advisable to go into a business not having a business plan and also never establish your business without proper survey.

 

[Snazzy001]

first and foremost we should avoid borrowing money when we start business.we should also avoid unnecessary competition in business .also tried to seek advice from senior colleagues or neighbors .

 

[Chibson]

There are many things you need to avoid when starting a business in order to make sure that your business is a success. First of all, you should know that there is no friendship in business, and as such I finished friendship must be kept at friendship level not brought into business. you need to understand that starting small is not bad so you must avoid taking unnecessary loans.

 

[Blessingedidiong]

Things to avoid in business are numerous. In business,avoid reckless spending. Never have a negative thought about your business. Do not borrow more than you can conveniently pay. If possible,do not borrow at all. It can reck your business down. Do not sell your goods on credit notwithstanding who the creditor is.

 

[Olubayo12]

I have never known about somebody beginning a business in a bid to fall flat or get misfortunes. We as a whole get into business with the expectation that we will be effective and appreciate great benefits that will acquire you be able to cover tabs. On the off chance that we are all in understanding that we need fruitful organizations, at that point we should go into it decidedly ready constantly to invest the exertion and caution needed for another dare to be effective. What's more, there are huge numbers of those incredible advices and procedures to make another endeavor fruitful, yet that is a story for one more day. Today, I need to possibly zero in on those things that should be kept away from when beginning another business. Evading them will save you from the dissatisfaction of a failling business and take you closer to making the best decision that brings you achievement.

Does Anyone have any idea about what and what I should avoid when starting a business???

avoid targeting only the profits.... we all know that the main aim of doing businesses is to make profits, fine... but do not let that be your main reason for doing business's. also, avoid procrastination and do not be stick to old method of doing things every time, improvement is very good

 

[WhiteHouse]

As a new business venture you can't afford to employ Lethargic or dishonest employees, they will ruin the business faster, whenever you want to employ individuals make sure you do enough research and inquiries on them, because it is important and has effect on the success of the buisness.

 

[Youngdee]

When starting up a business make sure you ain’t starting on a big or fat loan from bank. This is because when you get a loan you can’t pay back within time it makes you want to cover up with money from the business and you end up using even the capital to pay up. Another to avoid is fear, you might get scared of how things are going to work out but you need to be consistent and not panic over what to do.

 

[Pattertwig21]

I have never known about somebody beginning a business in a bid to fall flat or get misfortunes. We as a whole get into business with the expectation that we will be effective and appreciate great benefits that will acquire you be able to cover tabs. On the off chance that we are all in understanding that we need fruitful organizations, at that point we should go into it decidedly ready constantly to invest the exertion and caution needed for another dare to be effective. What's more, there are huge numbers of those incredible advices and procedures to make another endeavor fruitful, yet that is a story for one more day. Today, I need to possibly zero in on those things that should be kept away from when beginning another business. Evading them will save you from the dissatisfaction of a failling business and take you closer to making the best decision that brings you achievement.

Does Anyone have any idea about what and what I should avoid when starting a business???

I guess you need to really learn about the kind of business you want to pursue, and surround yourself with the right people you trust. Equip yourself with knowledge with the kind of business you want to pursue and be with people with the right information who can help you.

 

[Chizfab]

First avoid selling on credit and ensure you get paid for your services or products. Do not use your business for family affairs, where members of your family or friends will patronise you without paying you. Also, try and keep records of your transactions and stock to help you keep track of your proceeds, gain and loss. Always have a plan B and avoid too much expectations.

 

[bilal19]

Successful businesses are run by people who understand that things don’t always go according to plan. Being able to change your approach, in small and large ways a move sometimes called a pivot allows the product or service to find its market and, eventually, success.

 

[Philip Omotayo]

Avoid talking about those who are making it like, you have a lot of people doing what you are doing. Try not to feel discouraged by their achievements. Also, avoid unnecessary or extravagant spending. Avoid talking to customers anyhow and finally, avoid lending out your capital. It may kill the business.

 

[Usama Iqbal]

I think we should avoid to over confidence and unnecessary expectations in the beginning of the business. First of all we should analysis that what things will be profitable for our business then we do work on these things. We should make these products that are required in the market .

 

[Blue house]

Avoid negative thought when starting a business, always be pessimistic, and avoid big loans, so when it time to pay back you won't have an issue paying, and don't spend lavishly, always plan before spending. Plan very well before doing anything.

 

[Kehinde]

Do your research. You want to make sure you understand the industry you'll be involved in so you can dominate. ...
Determine your audience. ...
Have a strong mission. ...
Choose a structure. ...
Map your finances. ...
Understand your tax burden. ...
Understand the risk. ...
Put together a business plan.

 

[Pauljonnes1000]

For any successful business there are definitely things to avoid. One of it is, procrastination, when you procrastinate you will shift the day of starting of your business. Two, do not get discourage. Do not allow discouragement to subdue your intentions or distress you. Three, do not dispise a little beginning. Starting little didn't say you won't be big. Just make sure you are consistent, then, you will see positive result. Lastly, do not lavish your profit, try to turn. It over.

 

[Asad Ali]

I think there are many things to remember, among them something you like and recognize, that you can win or not the first months, as you can keep investing, be respectful and courteous towards the public, advocate good marketing goods and make good deals that will attract customers.