Opera News

Opera News App

4 Common Business Mistakes to Avoid when Starting and Running a Profitable Enterprise

Newsblazer254
By Newsblazer254 | self meida writer
Published 3 days ago - 3 views

When venturing into a business one should be in position to know the advantages and disadvantages that will come out the enterprise, the following are mistakes made by entrepreneurs in business

1. Spending Less Time Getting to Know Your Ninche

One should know his/her competitors inside-out your industry by learning from them and the people who have been in the business industry and are thriving, assuming that you have read relevant books or you know enough simply because you have a degree is a big mistake

2. Starting a Business Without a Solid Financial Plan

It is difficult to raise money for a new business, the use of personal line of credit for business will keep your business covered by applying for a collateral-free line of credit that will cover your business against unexpected bumps so that to make you prepare for success that lies ahead

3. Avoid Waiting for the Best Time to Start the Business

Many entrepreneurs wait until when it is the best time to start a business which is biggest mistake to approach, an entrepreneur should assess the financial, social resources and skills to set that will meet consumer demands

4. Disregarding Experienced Business Consultants

People with business experience may lack the latest technical knowledge but their business acumen is neither irrelevant nor outdated, one should not avoid their advice because they give valuable insights into what to do in order to strategize business ideas accordingly.

Content created and supplied by: Newsblazer254 (via Opera News )

Tags:      

Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

YOU MAY LIKE

Man Shocks The World By Demolishing Multi Cash mansion built To His Girlfriend After Breakup

57 minutes ago

94 🔥

Man Shocks The World By Demolishing Multi Cash mansion built To His Girlfriend After Breakup

The Rise of UDA is A Great Concern To ODM And ANC Party In Western Region

1 hours ago

79 🔥

The Rise of UDA is A Great Concern To ODM And ANC Party In Western Region

Mama Rachel Ruto Gifts Former Village Teacher Sh 3M Worth Car

1 hours ago

62 🔥

Mama Rachel Ruto Gifts Former Village Teacher Sh 3M Worth Car

" I Used To Sell Omena For Survival" Says Cartoon Comedian

1 hours ago

27 🔥

How Chiefs Pioneered Corruption in Kenya

2 hours ago

17 🔥

How Chiefs Pioneered Corruption in Kenya

Before You Sleep Tonight, Tell God to do These Four Things For You

2 hours ago

198 🔥

Before You Sleep Tonight, Tell God to do These Four Things For You

"We're forecasting a landslide victory"-Omanga Declares, As Matungu By-election Takes A New Twist

2 hours ago

120 🔥

9 Oldest Car Companies In The World

3 hours ago

5 🔥

9 Oldest Car Companies In The World

Ndindi Nyoro Storms Matungu To Campaign For UDA Party Candidate

3 hours ago

2593 🔥

Ndindi Nyoro Storms Matungu To Campaign For UDA Party Candidate

'Grow More Than 100k Per Month On Trees' By Farming These Marketable Fruits

4 hours ago

204 🔥

'Grow More Than 100k Per Month On Trees' By Farming These Marketable Fruits

COMMENTS