7 Common Mistakes Every Entrepreneur Should Avoid to Success

The history of business goes back to 3000 BC when humans found the need to exchange entities. The need for trade rose when people saw an opportunity to satisfy their necessity with resources others had. So, the idea of ​​business took shape with organized trading a few thousand years ago. Since then, the business world has evolved in ways that cannot be explained briefly.

The business world is constantly growing in the form of organizations, entrepreneurs, start-ups, individual owners, etc. The workings in these organizations have changed over time and are constantly changing. Though people have now formulated procedures to succeed in business, these so-called formulas keep on changing according to the market. Two major factors that drive any business is market needs and market acceptance. Even though people are aware of these, they often make mistakes interpreting or executing these.

The mistakes which we must learn even from the brands like NOKIA, KODAK, COMPAQ, GENERAL MOTORS or the success story of PepsiCo which got bankrupt and COCA-COLA has been refused to buy the brand PEPSI TWICE in 1920 at first world war and then in 1931 again but then PEPSI has become world conglomerate of 180 $ billion and famous failure of Mr. AMITABH BACHHAN in ABCL and again rise of BIG B.

Let us understand what mistakes entrepreneurs usually make...read more