10 Common Mistakes Entrepreneurs Make When Starting Up

In the above titled article on a Forbes website in 2017, the various authors shared instances where things went wrong in their respective businesses. They also make suggestions that advise how to overcome these mistakes. See the link below for the full article;

https://www.forbes.com/sites/theyec/2017/07/21/10-common-mistakes-entrepreneurs-make-when-starting-up/#1504a3363c34

From a different perspective, in summary, in their book Essentials of Entrepreneurship and Small Business Management (published by Pearson), the authors, when describing the process of Entrepreneurship which goes beyond the ‘starting up phase’, they highlight the following as the “Ten Deadly Mistakes of Entrepreneurship”;

(1) Management mistakes

(2) Lack of experience

(3) Poor financial control

(4) Weak marketing efforts

(5) Failure to develop a strategic plan

(6) Uncontrolled growth

(7) Poor location

(8) Improper inventory control

(9) Incorrect pricing

(10) Inability to make the “entrepreneurial transition”