1 / 7

Mistakes Every Entrepreneur Should Avoid from Dr. Jack Kavanaugh

Avoid these mistakes, explained by Dr. Jack Kavanaugh, to ensure you never hit a roadblock while driving to success.

Dr589
Download Presentation

Mistakes Every Entrepreneur Should Avoid from Dr. Jack Kavanaugh

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Mistakes Every Entrepreneur Should Avoid from Dr. Jack Kavanaugh

  2. Learning from other entrepreneurs' missteps before you is an excellent way to ensure success in your endeavor. Every entrepreneur should avoid the following common errors explained by Dr. Jack Kavanaugh.

  3. Overlooking Competition Everyone has a rival. Everyone! Even if you believe you've found the perfect niche with no one to challenge you, you're probably mistaken. There will undoubtedly be competitors in your field who will try to steal your traffic and clients if you are not careful. Always keep in mind that you are not alone. Analyze the market, determine your competitors, and then plan and act accordingly.

  4. Overspending or Not Spending Enough Money is likely to be a significant concern for a new entrepreneur. Most entrepreneurs have little money to spend, and those who do can easily fall into the "you have to spend money to make money" mindset, which can be equally damaging if left unchecked. Instead, try to find a happy medium. Consider your expenses and finances, and learn to spend enough but not too much. 02 03 04

  5. Taking Hiring Decisions Based on Cost It can be tempting to hire on the cheap when money is tight. The difficulty with that is that you'll end up paying the price in the end. Employees and consultants are inexpensive for a reason. They could be unskilled, inexperienced, or untrustworthy. Pay no more than your employees are worth, but understand that you'll have to pay a little more for someone who knows what they're doing (and make sure you're paying competitive prices). Employees are the foundation of any business. Hire appropriately.

  6. Also, just because you discovered an excellent niche and have a great idea doesn't mean you don't have any other skill sets or areas of knowledge that are lacking. If possible, hire a knowledgeable, experienced consultant or mentor. They won't know everything, and you won't know everything, but you can accomplish amazing things by working together.

  7. Avoid these mistakes, explained by Dr. Jack Kavanaugh, to ensure you never hit a roadblock while driving to success.

More Related