ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Forgetting the Competition. Not Spending Enough Cash (or Spending Too Much) Making Hiring Decisions Based on Cost. Thinking It’s All On You. Putting Your Product First. Making Your Margins Too Small. 22-Dec-2020

Detailed explanation-2: -Mistake #1: Not Having a Business Plan. Mistake #2: Focusing Too Much on Your Product. Mistake #3: Making it All About the Money. Mistake #4: Hiring the Wrong People. Mistake #5: Ignoring the Legal Aspects.

Detailed explanation-3: -Not Creating a Business Plan. Doing What You Love. Not Doing Market Research. Ignoring the Competition. Not Understanding Your Strengths and Weaknesses. Not Understanding What You’re Actually Selling. Not Making Sure You Have Enough Money. Not Investing in Marketing. More items •19-Sept-2022

Detailed explanation-4: -Not making one. As an entrepreneur, surely you’re more excited about doing the thing you want to do that writing a plan about it. Being unrealistic. Poor executive summary. Too long. Not backing up what you say. Not focusing on the team, and your role as the head. Sloppy mistakes. 20-Nov-2019