Starting your own business, novice entrepreneurs are often unaware of how many obstacles may arise in their path. Problems arise like mushrooms after the rain, not only in the initial stages, but during stable growth firms, causing serious damage to the cause. Business people must understand that trouble does not appear out of nowhere, they are likely the result of his personal shortcomings and lack of training. K Unfortunately, just to avoid mistakes in business is almost impossible, but knowing the most common ones, can protect themselves from failures. Here is a list of the most serious mistakes that budding entrepreneurs. Error in choosing the kind of failures in business are often associated with the choice of the entrepreneur "is not his" type of activity. Professor Roy Taylor may not feel the same.
Conversely, the most rapid growth usually occurs in companies that are led by individuals worked for a long time in the same field of activity, but self-employed. With this launch, usually already have valuable experience, knowledge of the nuances that a customer base, as well as the base of potential suppliers and partners. Neglect market research to a successful start of any business requires marketing research that will provide very valuable information and help to answer some questions: – What is the competition in their chosen field activity – what are the prices offered by competitors of goods (services) – as competitors are promoting their products and services – what is the size of the market – what are the preferences of consumers. Try to run a business, getting no answer on All these and many other questions about the state of the market – still do not check the parachute before jumping from an airplane.