The 5️⃣ Biggest Mistakes That First-Time Entrepreneurs Make?
Back in Dubai, I was interviewed about the entrepreneurial dream and why many of us who try fall short. *link is in my bio*
They didn’t have to ask twice… ????
1️⃣ Not Having a Clear Plan and Business Strategy
This one should be obvious, but interestingly isn’t.
I’ve met so many new entrepreneurs without a plan but a get rich quick scheme in their mind.
2️⃣ Having a Bad Support System
This one is big.
And it’s not just about building a killer team like we did at @translation.royale @content.spa @hotcopyco and my other ventures.
It’s also about who you surround yourself with.
Is your closest environment toxic towards your plans and dreams, or are they cheerleaders?
“According to Sebastian, nothing ruins your life and, therefore, your business more than toxic people.” ????
3️⃣ Waiting Too Long To Launch
ChatGPT is here to stay and it’s going to f*** up a lot of businesses. Pinky promise.
You will wish you had started earlier!
Build an MVP, a minimum viable product or service, and then execute. You can improve on it along the way!
4️⃣ Not Having a Target Audience
Pick one clear product/service and clear target audience.
If you try to cater to everyone, you’ll cater to no one.
5️⃣ Not Having a Good Work-Life Balance
I’m a big fan of Ikigai!
And if you found yours then you’re in balance!
Personally, I live a work-life-blending where everything simple blends into each other, because my business is my life. And when I want to take a break from work, I’ll do something else that’s fun.
I’m just wired that way.
But others need to plan and prioritize their “life” more. Then do it! Because hustle culture doesn’t help your business if you’re not living healthily.
What did I forget??? Let me know below. ????
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