Comments on: 5 Mistakes I Made When I Started My Business & How to Avoid Them

By: Penny Feigel, IAC-EZ

Penny Feigel, IAC-EZ — Wed, 26 Aug 2009 05:59:32 +0000

Great advice!

One other thing I have seen a lot of, is overspending too soon. Things start going well, buy that new piece of equipment on payments or even in cash ~ then the next couple months go rough, and you’re buried and trying to dig out. I think it’s wise to save up a while, and set that little extra aside for a rainy day… then when things are more secure and stable… go spend some of that money! : )

By: smallbizbee

smallbizbee — Sun, 23 Aug 2009 22:52:39 +0000

@Tumblemoose
12 more…sounds like a guest post? =)

Matt

By: bizsugar.com

bizsugar.com — Sun, 23 Aug 2009 19:47:20 +0000

5 Mistakes I Made When I Started My Business & How to Avoid Them…

Interview with Rieva Lesonsky, CEO of GrowBiz Media, candidly sharing the top 5 mistakes she made when starting a business, and how you can avoid the same errors….

By: Owaeis

Owaeis — Sun, 23 Aug 2009 18:54:08 +0000

Great article! I made the first mistake and the few others which are not mentioned here. I was eventually a fail and had to close the company!

By: Rashid Rupani

Rashid Rupani — Sun, 23 Aug 2009 18:47:23 +0000

Very good article. I am also in the initial stage and doing mistakes. Completely agree on the following point.

Mistake #1: Pricing our services too low
Mistake #3: Working without a contract
Mistake #5: Sticking with an outdated business plan

By: Gerald Weber

Gerald Weber — Sun, 23 Aug 2009 18:35:25 +0000

#2 is a biggie. If you don’t ask for the sale then people aren’t going to buy. It’s as simple as that.

By: Luke

Luke — Sun, 23 Aug 2009 17:29:47 +0000

@Tumblemoose
Another dozen ey? How authentic!

By: Tumblemoose

Tumblemoose — Sun, 23 Aug 2009 17:26:35 +0000

It’s always nice to see that folks struggled with the same kinds of issues I did when I started my company (not that I would wish those things on anyone) It makes me feel a kind of kinship.

I do recognize all five of these and if pressed, I bet I could rattle off a dozen more…

George

By: Luke

Luke — Sun, 23 Aug 2009 17:23:31 +0000

Rieva
Very simple pointers which ultimately are at the core
of each businesses performance.
Being the nice (not pushy) guy that I am I had problems with Mistake #2: Not asking for the sale.
But once I realized that I am actually doing my client a favor asking for the sale – all of a sudden I found myself having more contracts/closing that I can handle.
So Ask and you shall be given. Just ask nicely!