Every Entrepreneur's Worst Nightmare

Have you ever dreamed of having your own business? Do you wonder what it takes to make your dream come true? If so, I'm sorry to break the news, but there's one thing that most entrepreneurs overlook that could prevent their business from even starting. In fact, most entrepreneurs don't realize they are at a high risk of these risks until it's too late! The 37 Worst Entrepreneurial Mistakes will uncover these risks as well as give you insight on how to avoid them if you plan on starting a business in the future.

No matter how much research you do to determine if starting a business is for you, there are three major risks that your research can't prevent. The first risk is the financial risk and the second risk is the emotional risk. The third and final risk to uncover is the most important of them all, and that is the social risk.

I believe that it's important to fully understand these risks before starting a business so they don't catch you by surprise when they turn into nightmares. You need to be aware of what being an entrepreneur entails so you know if it's something you're prepared for in order to avoid disappointment later on down the road.

The 37 Worst Entrepreneurial Mistakes is designed to help you understand exactly what it takes to be an entrepreneur so you can avoid these risks and be prepared for these possible nightmares when they arise.

 Of course, no one is born with the knowledge of how to be an entrepreneur. It's a skill that can only be learned by experiencing the risks firsthand. Although these risks are common among entrepreneurs it doesn't mean that they can't be avoided. It simply means that you need to develop a clear understanding of what being an entrepreneur entails and know how to use your skills wisely in order to prevent them from occurring in the first place.

Who is the intended audience for this article?

The ideal audience for this article are entrepreneurs who are in the early stages of starting a business. It's not meant to educate entrepreneurs that plan to start a business in years to come, but rather those looking to start a business right now. The information provided within is meant to help the reader avoid the many risks that can occur when trying to start a business.

How do I use this information?

I strongly suggest that you read and read again each section of this article until it sinks in and becomes second nature in your mind. You should come away from this article with the knowledge that starting a business could be far more difficult than you originally thought. If you continue to ignore the risks you run the risk of being disappointed in the future. This is why I am providing each of these risks within separate sections.

You will want to read each section from beginning to end because some risks are harder to foresee if you skip a few words or paragraphs. I've also included an FAQ section near the end of this article so you can get answers to any questions that may arise while reading. If there's something that doesn't make sense or is unclear, then open up the article and read it again until it comes together for you.

Unfortunately, there's no instructional manual on how to avoid all of these risks when starting a business. Although this article will provide insight on some of the main risks that you need to be aware of when starting a business, it will be up to you to pay close attention and listen to what your gut is telling you along the way. You can't see into the future so I can't claim that any of these risks will ever happen to you personally. However, if you don't take me seriously then at least take other entrepreneurs seriously who have had their dreams shattered by not realizing what being an entrepreneur entails beforehand.

Don't get me wrong. I'm not trying to discourage you from starting a business, but rather I want to prevent you from being unprepared when these risks occur. Being prepared is the best way to avoid any major surprises along the way. Are you ready for what it takes to be an entrepreneur?

37 Worst Entrepreneurial Mistakes

There are many, many risks that are involved when starting a business. Although some of these risks can be easily avoided if you know what to look out for, others will catch you by complete surprise if you're not careful. I've included each of the 37 risks within a separate section so you can scan through each section and read in detail.

Even though I've listed these risks in separate sections, they often overlap and interconnect. When starting a business, you are asking yourself to take on an immense amount of responsibility. It's not something you do without thinking ahead one step at a time, but rather in segments and chunks at first. Allow me to explain what I mean using an example of how this could play out.

Let's say that you want to start a small business that sells healthy snacks and drinks for people who are always on the go. You already have the products in mind and your business plan is ready to go, but you're not sure how to advertise your new business. Many entrepreneurs overlook this risk which is known as the marketing risk.

The problem is you have no experience in advertising so you're not sure what kind of marketing strategy to take with your new business. You are beginning to realize there are many risks that come along with starting a business, but what's most important right now is figuring out how to get more customers for your product.

What do you do?

If you were to tackle this risk entirely on your own it would take months if not years of trial and error before everything finally started to fall into place for your business. Not only are you attempting to advertise your new business on your own without any prior experience, but you're also trying to pitch your product idea to thousands of people all at once.

The problem becomes more intense when you think about the thousands of entrepreneurs that are currently trying to do what you're wanting to do. You hear about every week about another startup business closing because they didn't handle their marketing correctly. It quickly becomes a race between all of these entrepreneurs who are in their early stages of starting a business, but who don't know the risks that still need to be taken before moving forward with the plans for their new business venture.

Conclusion

If someone tells you what to do in the real world, I find it to be a bit silly. There is too much that goes into starting a business of any type. No two situations are the same so there is no one right answer when it comes to starting a business. You are unique and have your specific knowledge and experience which gives you an advantage over every other entrepreneur that is currently trying to start their own business.

If we wanted you to follow a one-size-fits-all set of rules when starting a business then that would ruin everything that makes entrepreneurship such an interesting lifestyle choice in the first place.