5 Mistakes New Entrepreneurs Must Avoid    

By :Preeti Bhati

 These 5 common mistakes could sink your startup before it even lifts off—avoid them and build smarter from day one.

Don't just assume your idea is great. Talk to real people. Test it. Make sure there's a real need for what you’re building. 

Mistake #1: Skipping Market Research

You’re not a superhero—and you don’t have to be. Build a support system, outsource, or find a co-founder you trust.  

Mistake #2: Doing It All Yourself

If you don’t know where your money’s going, it’s probably going away fast. Budgeting is boring—but it saves your business.  

Mistake #3: Not Managing Money Closely 

If someone asks what you do—and you can’t explain it in 10 seconds—you’ve got a problem. Clarity = customers.  

Mistake #4: A Vague Value Proposition

Yes, it’s hard to hear criticism. But feedback is free advice that can save your startup. Listen more than you speak.  

Mistake #5: Ignoring Feedback 

Everyone wants to scale—but don’t sprint before you can walk. Nail your basics first, then grow steadily.  

Bonus Mistake: Growing Too Fast, Too Soon