MISTAKES IN START-UPS

1. Building a business to solve your own problems.

2. Lack of customers analysis
3. Lack of correct action
4. Lack of enthusiasm or commitment
5. Lack of stamina to keep the race going
6. Lack of capital
7. Hiring wrong candidates
8. Hiring candidates you know instead of choosing the right person for the right job
9. Failing to delegate
10. Outsourcing sales or depending on others for sales
11. Not managing cash flow properly
12. Financial growth on initial profits
13. Out of means credit period
14. Not maintaining a 13 week rolling cash flow forecast.
15. Not building sales team
16. Skimping on the business plan
17. Inability to handle contingencies
18. Choosing the wrong locations
19. Mishandled contracts and weak paper works
20. Doing everything yourself
21. Not doing what you are good at
22. Passion v/s marketability conflicts
23. Self discipline issues
24. Careless purchases.