Nov 4, 2010
Some Common Mistakes By Young Entrepreneurs–Some Tips To Earn money online Indirectly
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Some Common Mistakes By Young Entrepreneurs–Some Tips To Earn money online Indirectly:-
First Of all Today i am telling about some common mistakes by Young Entrepreneurs….
Entrepreneurs hate being preached to, but they love sharing. They share the lessons they learn, the success they achieve and the fun they have. While mentoring so many young entrepreneurs, I saw some common mistakes that many of them made. Included is a of things to look out for so that you don’t make the same mistakes that they did…
1. Look for Funding before you Work on Idea:-
If you are a young entrepreneur you probably aren’t working an idea that needs millions of dollars to start. If so, you are on wrong track. Don’t ask anyone to invest time/money untll you’ve done that yourself.
Often entrepreneurs sit on chairs waiting for money to come in so they can start. If you ask them, they won’t put their money into their own project. If you wont put your money in, why would anyone else? If you can’t trust yourself, no one can.
And if you do, you won’t need to ask anyone – people will give…. 
2. Delay Important Decisions
Young entrepreneurs delay decisions because ‘they are important.’ Irony! Because it is important – you should make the decision now and not delay it. Startups are very dynamic and fast in nature. Today you make a decisions and it’s executed within hours, unlike corporates where it can take years.
Make it and make it now and if you feeling doubtful, remember:
There is no wrong or right decision – just make a decision and prove it right….
3. Depend on Formal Education
I hear so many of say, “I want to earn my MBA or this and that course so I can learn more before I start out.” First of all that is not education – just literacy. When you start you will notice education comes though experience.
There is no edge that those degrees can give you over experience of a start-up. I am not suggesting that you discontinue your education, but don’t be dependent on it.
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