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| Mistake 6 - Spend a lot of money on a smart office
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Mistake 1 - Don't research your market thoroughly
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Mistake 2 - Make it difficult to understand your business and marketing plans!
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Mistake 3 - Don't research & identify all of your costs!
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Mistake 4 - Don't identify the skills / roles you need
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Mistake 5 - Under-estimate your competitors!
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Mistake 6 - Spend a lot of money on a smart office
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Mistake 7 - Fail to work out how to make money from your business
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Mistake 8 - Don't listen to your professional advisers
Killer Business Mistakes
Mistake 6 - Spend a lot of money on a smart office
Spend a lot of money on a smart office, high-tech equipment, additional admin staff and other overheads!
Tip 8
Work out what you actually need to generate the first year's sales.
How?
Walk yourself mentally through the process of finding and selling to customers and of doing the work to deliver your product or service. Ask yourself if you really need much more than a phone, desk, computer, website and/or sales literature?
Be flexible - consider options of working from home or hot desking in business centres before setting up a full office. Above all - don't spend money on overheads until you've either got the capital injection you need, or have generated the income to pay for it.
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