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The
fourteen sure -fire secrets to entrepreneurial success
Have a sound knowledge of :
 |
Financial
dynamics of your company |
|
Your
competition |
|
Understanding
of cash flow |
|
Market
place have: |
| |
1-Internal
control.
2-Inner confidence .
|
|
Plan
and execute your plans |
|
Inject
reality into their plans |
|
Hire
Smart |
|
Hit
it hard (Efforts) |
|
Make
it Fun |
|
Have
got fire in your belly |
|
Love
your customer |
|
Have
a good reputation |
Entrepreneurial
Death Traps
1-
Partnerships
2-One/Two customer Dependence
3-Mousetrap Team
4- Inadequate pricing
5- Failure to look at the downside
6- Failure to look at industry norms
7- Lack of focus
8- Believing you can do everything yourself
9- First class from the star
10- Diversification into the unknown
11- Product never ready for market
12- Low barrier to entry growth industry
13- Inadequate market research
14- Failure to segment market
15- No reason for customer to change
16- Payback can't be calculated
17- Failure to admit mistakes
18- Step function growth
19- Betting the ranch
20- Ignoring the handwriting on the wall
21- Spirally costs
22- Silliness phase
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Remember |
Avoid making these classic mistakes and you can be assured
that you have substantially increased your chances of winning
the game.
The
main elements for starting a new business
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