
9 Rookie Mistakes New Business Owners Make
When you first start a new company, there's plenty of room for mistakes, from not managing cash flow to spending wasted dollars (and hours) on hires who aren't a good fit for the culture you're trying to create. To learn which business mistakes were truly game-changing, we asked nine successful young founders the following:
Q. What is the single biggest mistake you made when starting out (and how did you fix it)?
Their best answers are below:
1. Didn't Start Soon Enough

2. Spent Too Much on the Product and Left Nothing to Market It

- Travis Steffen, WorkoutBOX
3. Needed an Accountant

4. Tried to Act Bigger Than We Were

- Aron Schoenfeld, Do It In Person LLC
5. Was Not Persistent Enough
I started up four times and failed thrice. In the three times I failed, the one factor that stood out and mattered most was "persistence." If I had been persistent, I probably would not have failed. Now with the fourth venture, no matter how many unique challenges come my way, being persistent with my goals has helped me run my business successfully for over two years.
6. Didn't Hire for Culture

- Shradha Agarwal, ContextMedia
7. Spent Too Much Money on Inventory

- Angela Pan, Angela B. Pan Photography
8. Didn't Do Enough Client Research

- Kelly Azevedo, She's Got Systems
9. Wasted Time in the Wrong Places





