Posted by When scaling your business there is no way to avoid every mistake. And believe me when I started out I made a lot of them.
We can and should learn from our mistakes.
And now that I’ve helped a lot of people achieving 6 and 7 figure businesses… I have noticed the SAME 3 mistakes crop up again and again!
The best thing you can do now is save yourself from wasting years…
By learning from the mistakes of OTHER entrepreneurs.
Save yourself a ton of pain and frustration!
Don’t repeat these mistakes…
Mistake 1: Expecting success right away
If you are expecting success right away from your business then you’re setting yourself up for disappointment.
It’s great to have confidence and drive to want to be successful fast… you just shouldn’t expect results right away.
It takes time to grow a business.
It takes an even longer time to make money from a business.
Be realistic about your expectations and be patient.
“If you build it, they will come” is a NOT a true marketing principle.
One of the reasons so many new businesses fail is because they expect they can open their doors and they’ll immediately start making money.
Many times, these companies go out of business because the entrepreneur isn’t earning enough money right away to cover their expenses.
Having a cushion to fall back on and being realistic about how much money you can actually make at first is very important.
Mistake 2: Trying to do everything yourself
Good entrepreneurs know how to delegate. Trying to do everything yourself just sets yourself up for failure. You need to know how to outsource.
Figure out what you’re best at… where can you do your best work? Often it’s the things you love doing the most. Outsource the rest.
Different entrepreneurs have different tasks they outsource.
No matter what those things are for you… it is important that you are delegating them to others so you can make better use of your time.
Doing everything yourself will only cause you to burn out and draw focus away from the tasks that actually need your expertise and attention.
Mistake 3: Not being adaptable.
If you want to be a successful entrepreneur in today’s ever-changing market, then you need to learn to be adaptable. If you are putting too much expectation on one product or service you will never succeed.
You are putting all of your eggs in one basket, so to say. Instead, you need to test, test and test again.
Try various products and solutions. Explore new options. Go with what is working now, but always be ready to make changes in the future.