7 big business mistakes — listen to the story of the past

Beijing on August 21st news, according to foreign media reports, the Tate after interviewing 50 young well-known entrepreneurs who combine their feelings of publishing a book. In this book, he combines a variety of vivid examples of the 7 most common mistakes made by start-ups. Many young people are creating their own companies. But because of the young, and lack of experience, it is easier to make mistakes.

Nick · Tate in CO authored "50 Interviews: Young Entrepreneurs, What It Takes To Make More Than Your Parents". In this book, the list of young start-ups are most likely to make 7 common mistakes.

1 listen to others to say too much and come to a standstill


King Sidharth (India entrepreneur Tencent technology plan)

we grew up listening to the voices of those who have authority. It’s a habit that is hard to break. Tate in the book about the interview he had a India entrepreneur King Sidharth. At the age of 18, he started a business. But King Sidharth has been taught to listen to elders, even if they do so will ignore their business instincts. Tate believes that this habit to a large extent inhibited the ability of King Sidharth business execution.

It also makes

Tate remembered his childhood dream of entrepreneurship. At that time he was in high school, he had a business idea of his own, to produce a candle called Mandles, the candle lit can produce a very unique man’s breath. Although the Tate think this is a good idea, but his family and friends think that this idea is stupid, then Tate gave up the idea. But just after he abandoned the idea a few years in the CNN, Tate read other people for this project and he thought that in the continuous efforts, and make a success. Now Tate in retrospect special regret, he thinks that success is worthy of his learning, because he has a strong executive ability.

2 improper disposal of money


Andrew · Fischer (Tencent technology plan)

Tate interviewed Andrew · Fischer (Andrew Fashion). As a young entrepreneur, Fei Shen earned $2 million 500 thousand by selling rocket launchers. But he spent all of the money before his 22 birthday. The Tate wrote the book, Fischer himself earned.