Common mistakes entrepreneurs make

Common mistakes entrepreneurs make

Every entrepreneur has the same goal. To run a successful company. Despite the effort to develop and expand their business, many entrepreneurs succumb unwittingly into some mistakes:

They handle actions themselves without making a delegation of duties.
They insist on outmoded tactics that jeopardize corporate growth.
They hire people based on merit and cost without necessarily match their personality to corporate culture.
They avoid market research and resort to misdiagnosis of market needs.
They waste too much money or limit their investments.

They are not interested in developing relationships with their customers.

They don’t get feedback from customers regarding their products and fail to invest in marketing to achieve product differentiation.
They fail to adapt and maneuver on current trends and use social media.
In order entrepreneurs to successfully develop their activity, it is necessary to make some basic actions, such as:
Conduct thorough market research

Customize product portfolio to customer needs and market trends
Implement appropriate strategic planning, to highlight the comparative advantages of their business
Implement a proper pricing policy
Adopt an extrovert attitude
Πηγές: www.entrepreneur.com, www.inc.com, www.businessnewsdaily.com, www.success.com, www.cnbc.com