5 of the Worst Mentalities to Have BEFORE Starting a Business

Read Time:2 Minute, 42 Second

1. I want to start a business so I can just sit back and chill and watch my money grow.

This is one of the worst mentalities to have before starting a business. I truly believe in the phrase “Proper planning prevents poor performance.” In order to have a successful business you have to put in the work.

2. All I have to do is just start the business and let my customers come to me.

This can be a trap. It is important to know how you will market your business and the demographic you are trying to reach. This is why many businesses spend megabucks on advertisements that will expect a return on the investment.

3. All I need is to save up a certain amount of money before I start.

This is not true at all. Many trust fund babies inherit business or get money thrown at them to start and it never becomes successful. This is also the case with a lot of celebrities and the different business ventures they may pursue.

4. Too many people already doing the same thing!

The reason this does not hold any weight is because competition spawns new ideas and innovation. Distinguishing yourself from the competition is can be the difference between successes and giving up.

5. I Can’t.

This should’ve been number one. Nothing is more unproductive than to say “I can’t”. Thinking in the negative before ever staking the first step will have you stagnant and in the same place, or worst, moving backwards while the world moves forward.

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