7 Common Sense Failure Factors That Should Be Avoided In Entrepreneurship

Wrong market positioning. Many times, entrepreneurs want to do business that they consider themselves a good idea, but they never spend time studying the market correctly. For example, investors certainly do not want to invest in tenth of enterprises in the same field.

There is no marketing strategy that can be implemented. Entrepreneurs usually focus very much on building their own products, because their marketing strategies on how to market are often not long enough. They did not realize that a clear and effective marketing concept could help them raise more growth funds.

Business is not focused. If you can launch a variety of business on your own, do not work hard on a single business. Don't try to make plugs that are suitable for plugs, or you will find that you have no originality in any business.

I don't know when to stop the damage. If you are struggling to get ahead, no matter how hard you try to paddle, make sure you are not dragging your legs. Entrepreneurs need to support the bottom line of their own businesses, and ensure that they have enough capital and enough time to change their plans at any time.

No passion and persistence. If an entrepreneur fails to show his dedication and enthusiasm for his products, they will never really love their startup companies, nor will they always be concerned about their success or failure. You need to have a persistent spirit, no matter what obstacles you encounter in your business, you will not give up, but persist in finding viable solutions.

Erroneous or incomplete leadership. Never try to plug a fortune 500 team into a small start-up company. Because their typical faction is not the same as a small company. Investors want to invest not just a single entrepreneur, but a whole team, so as to ensure the normal operation of the company.

Loose sand. The management team of a company should have the same idea of entrepreneurship as the founder, and should constantly encourage employees and instill loyalty in them.

No profit model. I understand that many start-ups may not have specific day to day profit models. But it is best to define the profit model that can be realized. This model requires a lot of data and credible assumptions to attract investors, make them feel excited and prove your current valuation.