Entrepreneurs bring a lot of self-confidence to the table. Most abandon careers, often lucrative careers, at which they excelled to become their own bosses. This is generally a boon to their young business.
However, their high confidence levels and competence at their previous careers can lead them to make a number of common, avoidable mistakes.
Here are a few to watch out for.
The 7 Most Common Mistakes New Entrepreneurial Leaders Make
1) Not Delegating
Many, if not most, entrepreneurial ventures start out as one-person operations. The entrepreneur does everything, from bookkeeping and marketing to product development. Once the business reaches a point where more staff can be brought in, a lot of entrepreneurs find it difficult to let go of managing every detail; they insist on doing or rechecking everything.
This approach, no matter how understandable, is a waste of employee time. Even worse, though, it’s wasted time the…
View original post 742 more words