00:01Hey entrepreneurs, bad news. Starting a business is really hard.
00:06There are plenty of opportunities to screw it up, but don't sweat it.
00:09Here are five no-no's in starting your business.
00:14Coinage. Life well spent.
00:16Presented by GEICO.
00:18Even if you feel like an expert in your new venture, do your research.
00:21You know what you want, but knowing the marketplace will help you reach customers.
00:25That being said, don't drag your feet.
00:27Spending too much time planning will only keep you from greatness.
00:30And doing stuff is really a crucial element to being an entrepreneur.
00:34Your BFF Brad may have always been better with computers,
00:37but that doesn't mean he should lead your tech team.
00:39Building a strong team who shares your goals and can tell you when you're wrong
00:43is going to make your life a lot easier.
00:45Stick to your goals as you create the company.
00:48Your focus is the engine of the company, but don't be rigid.
00:51Having the ability to shift and adjust to market feedback
00:54allows you to find and keep those customers.
00:57They're always right after all.
00:59You could do all these things perfectly and still fail
01:02because you're not telling anybody about it.
01:04Marketing and networking are the keys to success for every kind of business.
01:08You got to be loud and proud to start a business these days, so don't be shy.
01:12There are many minds to navigate as a newly minted business owner,
01:15but avoiding these basic mistakes will keep you from complete disaster.
01:20Coinage. Life well spent. Presented by GEICO.
Comments