7 Terrible Traps Entrepreneurs Fall Into (And How to Get Out of Them) - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

published 10 ideas

Mistakes And Traps That Entrepreneurs Fall Into

7 Terrible Traps Entrepreneurs Fall Into (And How to Get Out of Them)

7 Terrible Traps Entrepreneurs Fall Into (And How to Get Out of Them)

The Smart Passive Income Online Business and Blogging Podcast

  • Almost all overnight successes took years of grinding behind the scenes before the pieces clicked into place
  • Every great business idea starts with the belief in one’s own self, but that alone isn’t enough
  • Once you have a good idea you have to move forward with the process of ...

73

STASHED IN:

344

PAT FLYNN

“A lot of times seeing something new and exciting is easy to go toward because it’s new and exciting. When you get into the grind, and you’re actually in the inner workings of this business that you once said yes to, well, that starts to become a drag”

27

STASHED IN:

313

PAT FLYNN

Oftentimes, we give up right at the inflection point.

29

STASHED IN:

314

  • Every great business idea starts with the belief in one’s own self, but you can’t just stop at pure belief 
  • Once you have a good idea you have to move forward with the process of validating that idea with concrete evidence
  • Dive deep into discovering what the problems, and the...

40

STASHED IN:

317

  • The most cost-effective method of diving deep is simply having conversations with your target market to see if they like what you’re thinking about.
  • On the flip side, some people are too cautious and will research their market without taking decisive action thinking that they must pr...

46

STASHED IN:

332

Just-in-time learning means allowing yourself to only learn about the things and get excited about the things that are related to the next thing that’s on your list.

To avoid missing out on lucrative opportunities, bookmark those ideas for later and after your current goal, you can delve in...

38

STASHED IN:

329

The time you save by outsourcing tasks to people who are more efficient at it will make you more money than the money you save by doing it yourself

You have to understand that your time is precious and that there are likely other and more important things to do.

This applies to non-bu...

47

STASHED IN:

331

Comparison is incredibly useful in discerning different experiences and lessons other people have learned, but not when it’s used for negative purposes.

When you get involved in a business community, especially in the beginning, you may wonder why you’re not as successful? Avoid that sort o...

38

STASHED IN:

330

How are you improving and getting better each day?

You don’t have to go from amateur to master immediately; a 1% improvement every day will lead to exponential results.

44

STASHED IN:

329

  • Entrepreneurs don’t have a true ‘clock-out’ time and that’s why it’s mandatory to enforce it yourself.
  • Even supremely confident entrepreneurs who view themselves as unstoppable machines must recognize that machines must be maintained or they break down.
  • This doesn’t mean you ...

29

STASHED IN:

326

0 Comments

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP:

MORE LIKE THIS

Many companies experience the leaky bucket phenomenon. They spend all their energy acquiring new customers but neglect them as soon as the deal is done. Investing in your customer experience can be your best marketing and sales strategy.

7 IDEAS

Category creation is an important strategy in modern marketing. It is an innovative business strategy that will create a unique company, an unrivaled product, and an entirely new market space at the same time.

4 IDEAS