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10 mistakes most investors make when starting a business


Working alongside family or friends:

I’ve never tried working with a family member because I don’t see how that would work, but I’ve tried working with friends before and it turned out to be one of the worst business decisions I’ve ever made. Some people decide to team up with friends or family because they know they can do everything on their own. Doing business with friends or family is a challenge because eventually these people will start to feel entitled to either think they deserve more work more compensation or less work The world of business is a serious game, play it alone and not with friends or family.

 

Getting funded very soon:

Majority of people who want to start a business think that their biggest problem is money but this is not true because there are hundreds of things that you don’t know and dozens of mistakes that you will make while you are at it. Starting with these mistakes will not break you if your investment is small but if you have invested a lot then one mistake can ruin your entire business, don’t expect to make a lot of money if you are just starting out. Be as humble as possible so that you can learn from your mistakes and succeed in the end.

 

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