human
What are some of the biggest mistakes that first-time entrepreneurs make?
assistant
1. Not doing enough market research and not understanding their target customer base.
2. Not setting realistic expectations about how long it will take to start seeing returns on their business.
3. Not creating a budget for their expenses and relying solely on their personal savings.
4. Not having a clear plan for marketing and advertising their business.
5. Not investing in professional legal advice and contracts.
6. Not networking with other businesses and people in the industry.
7. Not taking advantage of available resources, such as grants or tax credits.
8. Not being willing to adapt their business model to meet changing markets.