the startups.com platform about startups.comCheck out the new Startups.com - A Comprehensive Startup University
Education
Planning
Mentors
Funding
Customers
Assistants
Clarity
Categories
Business
Sales & Marketing
Funding
Product & Design
Technology
Skills & Management
Industries
Other
Business
Career Advice
Branding
Financial Consulting
Customer Engagement
Strategy
Sectors
Getting Started
Human Resources
Business Development
Legal
Other
Sales & Marketing
Social Media Marketing
Search Engine Optimization
Public Relations
Branding
Publishing
Inbound Marketing
Email Marketing
Copywriting
Growth Strategy
Search Engine Marketing
Sales & Lead Generation
Advertising
Other
Funding
Crowdfunding
Kickstarter
Venture Capital
Finance
Bootstrapping
Nonprofit
Other
Product & Design
Identity
User Experience
Lean Startup
Product Management
Metrics & Analytics
Other
Technology
WordPress
Software Development
Mobile
Ruby
CRM
Innovation
Cloud
Other
Skills & Management
Productivity
Entrepreneurship
Public Speaking
Leadership
Coaching
Other
Industries
SaaS
E-commerce
Education
Real Estate
Restaurant & Retail
Marketplaces
Nonprofit
Other
Dashboard
Browse Search
Answers
Calls
Inbox
Sign Up Log In

Loading...

Share Answer

Menu
Business Coaching: What are some weak habits that young entrepreneurs often do not notice about themselves?
JP
JP
Joe Putnam, DTC eCommerce Growth Marketing answered:

Here are some bad habits I've noticed:

1) Not understanding how difficult it's going to be to start a business.
2) Underestimating how long it's going to take to get off the great. Lots of new business owners love their idea so much they think it's going to take off right away.
3) Not understanding how much marketing is involved with starting a successful business. Even if your product is great, you've got to figure out how to get it in front of people so more people can find out about you and decide whether or not they want to buy.
4) Underestimating how much they'll need to charge. Example: "Professional photographers charge $2500 for a wedding? I can undercut that by $1500 and steal all of their business!" Reality: People charge what they do not because they're gouging people but because that's what it takes be profitable.
5) Not focusing enough. It's easy to want to sell to everyone, but it's much more important to find a profitable group of customers, be awesome for them, and then branch out to more customer groups rather than trying to be all things to all people.
6) Not realizing that you haven't picked a profitable business. Just because something's unique doesn't mean there's a market there to support the business. Not only do you need something unique about your business that helps it stand out, but you also need to make sure there's enough of a market to support your starting a profitable business.

These are all the things I could think of off the top of my head.

Talk to Joe Upvote • Share
•••
Share Report

Answer URL

Share Question

  • Share on Twitter
  • Share on LinkedIn
  • Share on Facebook
  • Share on Google+
  • Share by email
About
  • How it Works
  • Success Stories
Experts
  • Become an Expert
  • Find an Expert
Answers
  • Ask a Question
  • Recent Answers
Support
  • Help
  • Terms of Service
Follow

the startups.com platform

Startups Education
Startup Planning
Access Mentors
Secure Funding
Reach Customers
Virtual Assistants

Copyright © 2025 Startups.com. All rights reserved.