As you enter your first enterprise, you will likely face many challenges. It's important to understand the common mistakes made by first-time entrepreneurs so that you can preempt them. Hiring who you know, rather than who is best As a first-time entrepreneur, you may be tempted to hire people you know looking for work. Perhaps it's a friend or family member who has expressed an interest in working for your company. While this can be a good way to help out someone close to you, it can also lead to problems down the road if their skills don't match what's required of them on the job. Hiring based on skill set rather than who you know and trust is best. Not having a great product or service Even if you don't want to compete on price, which many small businesses do because they can't afford to compete on service, you still need to have something unique about your product or service to succeed. Without this unique element, your customers will go elsewher...
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