Starting a New Business: 5 Critical Productivity Mistakes to Avoid
Building a business from scratch is certainly not an easier task. As a new entrepreneur, it’s evident that you’ll make a lot of productivity mistakes and face failures along the way, but it’s not a big deal as long as you are ready to learn from your mistakes and avoid them the future. Recent studies show that 40% of startups fail within the first five years of operation as business owners focus too much on their hopes and dreams of success rather than innovating new ways to maintain productivity . Thus, new entrepreneurs must devise a robust strategy and set clear goals. By reaching out to multiple SMEs, growth strategists, financial advisors, and business consultants, we have curated five productivity mistakes new entrepreneurs make and also listed out ways to avoid them. Related: How ONPASSIVE AI Increases Business Productivity 1. Not Having a Robust Business Plan This is one of the most common productive mistakes every entrepreneur makes. Trying to promote a b