Start-Up Failures: 3 Dirty little secrets about being an entrepreneur and running a startup business

https://www.berndgeropp.com
Start-up Failures: 3 Dirty little secrets about being an entrepreneur and running a startup business! Failures you should avoid by all means.

In this video I share 3 misconceptions, you should be aware when running a startup company. These 3 "dirty little secrets" can become a huge asset for you. Knowing about them will help you to make the right decisions in your business.

1. The company you plan today will not be the company you end up!
German military strategist Helmuth von Moltke once said:
"No battle plan survives contact with the enemy!"
When your plan meets the real world, the real world wins.
That's life! And you better always keep this wisdom in the back of your mind.

2. Overnight success does not exist!
Nobody is an overnight success!
When an entrepreneur or a company suddenly seem to appear out of the blue, it usually arrives out of 5-10 years worth of work and failures.
Starting up a company and making it successful is hard and you will go through lots of Highs and Lows.

3. Everything takes longer than you think!
Starting and building your business takes time. You seldom get immediate rewards and most of your planned projects and forecasts will not come true -- at least not on time. You better be prepared for delays and exceeded deadlines. You better work with internal time buffers and you should have sufficient financial buffers.
This is especially true for sales and profit forecasts in a start up environment. I've seen such a lot of forecast charts showing the typical hockey stick curve.
There are only very few companies which really have strong or even exponential growth in the beginning -- and even if they show it -- in most cases the growth will come later than predicted.

https://www.berndgeropp.com

https://youtu.be/ynoxWD2t5u4

Видео Start-Up Failures: 3 Dirty little secrets about being an entrepreneur and running a startup business канала Bernd Geropp