Ten Entrepreneurial Mistakes

If we would like to develop more opportunities,it's better for us to have an idea about below ten points,despite we are not the enterprisers.)ulPE cvp[C

9G8g4z$u vd.n It??s hard to avoid certain mistakes, especially when you face a situation for the first time. In fact, many of the following mistakes are hard to avoid even if you??re an old hand. xI"lC2jm{B_q

7d XX.o^K!tW 1. [b]Big Customer Syndrome.[/b] If more than 50 percent of your revenues come from any one customer you may be headed for a meltdown.af1A6R Sw`%Z

_'e'pDG xwFxrr 2. [b]Creating products in a vacuum.[/b] You and your team have a great idea. A brilliant idea. You spend months, even years, implementing that idea. When you finally bring it to market, no one is interested.0{:F+B&o"{7~Z
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3. [b]Equal partnerships.[/b] Maybe you and a friend start the company together. In each case, you and your new partner split the company 50/50. That seems fine and fair right now, but as your personal and professional interests diverge, it is a sure recipe for disaster.
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%g7Pl2k*]K FJu 4. [b]Low prices.[/b] Some entrepreneurs think they can be the low price player in their market and make huge profits on the volume. K;O*~)s"nMZ KU
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5. [b]Not enough capital.[/b] Check your business assumptions. The norm is optimistic sales projections, too-short product development timeframes, and unrealistically low expense forecasts.
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6. [b]Out of Focus.[/b] Many entrepreneurs - hungry for cash and thinking more is always better - feel the need to seize every piece of business dangled in front of them, instead of focusing on their core product, service, market, distribution channel.
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v&f*c)i6B:S 7. [b]First class and infrastructure crazy.[/b] Many a startup dies an untimely death from excessive overhead. Keep your digs humble and your furniture cheap.
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8. [b]Perfection-itis.[/b] This disease is often found in engineers who won??t release products until they are absolutely perfect.QPYU"C!u

NZ!e+a MV:F2wsH 9. [b]No clear return on investment.[/b] Can you articulate the return which comes from purchasing your product or service?
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10. [b]Not admitting your mistakes.[/b] Of all the mistakes, this might be the biggest. At some point you realize the awful truth: you have made a mistake. Admit it quick. Redress the situation. If not, that mistake will get bigger, and bigger, and?? Sometimes this is hard, but, believe me, bankruptcy is harder.

This is good. Thank you tiffanykk

good. Learning something from you.

experience is a best teacher.v"SwyX5k8h
U have any or hear any?C:Lp?rd

*u&m{t!q2i1d!d [[i] Last edited by  peter-jetstar at 2006-11-15 16:02 [/i]]

Now it is a huge chance for every Chinese to do or to create something for the world, that is entrepreneurship.
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I see "Win In China" TV programme every Tuesday and learn much from it?? To know his disadvantage/shortadge and to avoid them in the process is very important.

Reply #5 xshazwu's post

Compared to "Win In China",I like the "THE APPRENTICE" more!:victory:
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Always we could learn so much experience from the program,although I thought this program seems to advertise for Gi l l ette.;P

Reply #6 tiffanykk's post

Sorry, I haven't heard of  "The Apprentice".
Mn4w]tj6V.M'[ Is it a TV programme? Can you write down its name in pinyin?)o,i$_(qJ

T%I^z$P._:Fk And what is Gi l l ette? I do not understand it. Is it some products?

Reply #7 xshazwu's post

The apprentice in Chinese is "Fei Huang Teng Da",very nice programme,one collect per week every Saturday on the channel of Pearl.(I'm not sure whether I state it right.:$ )
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Gillette??knife,man always use it.;P-[x T E,cz-`9p
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[[i] Last edited by  peter-jetstar at 2006-11-18 16:18 [/i]]

Reply #8 tiffanykk's post

I haven't heard of this programme. $|9u4vlL W@
I can not watch Channel of Pearl. Pity.%xeczcQ

mL KVXy5_ @-e Gillette is a famous Shaver, I see.
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When you have time, can you give out some case, then we can make case study and learn. Perhaps this will be good.

I am so confused about the topic ,because I have just graduated from my school,but i expect I CAN GAIN much progress

Reply #10 sonsySandy's post

Why are you confused about this topic?
W6pC CH I can not undestand your reason