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6 Mistakes Entrepreneurs Must Avoid At The Early Stage Of Their Startup

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Sani Ibrahim
Abubakar Tafawa Balewa,University
Agricultural economics and extension
100Level, Nigeria.
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The year 2020 marked the end of a fantastic decade. A
decade where we all witnessed the emergence of new
businesses that changed how we humans functioned. Be it
related to how we worked, how we traveled, or how we bought
our daily amenities, everything became interconnected and
much more efficient. And all of these were made possible by
some brilliant entrepreneurs across the globe. Here are six
mistakes entrepreneurs make during the nascent stage of their
startups.
Entrepreneurs have inspired many to transform their startup
ideas into reality aimed towards solving various problems for
the greater good. And this very point sets an entrepreneur
apart from a business person.
Being an entrepreneur may sound cool. But the truth is far
from what you can think of if you still haven’t started moving
in that direction. An entrepreneur will have even more hurdles
to clear within the parameters of the COVID-19 issues
happening at present.
Many may argue that initiating a startup is easy when you have
got all the necessary resources. However, there are many
instances when once counted as the most potential startups;
a few of them have tumbled down.
As a co-founder myself, I have come to realize a few points
where most of the mistakes are made while building a startup.
Here are six mistakes that every entrepreneur must avoid for
healthy growth and stability.
Market Opportunity and Competition
The success of a startup or any business is directly
proportional to the market…

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