Since 2001, we've posted 20,585 different business opportunities and ideas, so you're sure to find something here to inspire you!
The #1 Mistake Entrepreneurs Make
If you take a moment to consider the various mistakes that new entrepreneurs have made, what would you say is the worst? According to VatorNews the top mistake that entrepreneurs make is trying to raise money from various VCs before they are truly ready.
Before they go out to VCs, entrepreneurs should build a product, build a team and get some traction to demonstrate what they’re doing. “Put your story together and show some proof points,” said Jeff.
What are questions entrepreneurs should ask investors? I asked.
Ask them how much they know about your business, pain point and industry, Jeff suggested. In fact, you might go as far as talking to CEOs of companies the VCs have invested in. “It’s a marriage and you want to do your homework before entering that marriage.”
Photo by bfishadow
Related Businesses in the Directory
Related Posts
Related Resources
Dave on July 5th, 2010 9:34 am
I think this is absolutely true. I personally know three people who tried to start up businesses. Two of the three had very unique ideas, but due to not being able to find investors they gave up. If they would have presented the business ideas better I know they would have made it. Since then the product ideas they had, have been developed by other companies. Sooner or later someone else will have them same idea.
Leave a Reply