12 Mistakes I Made My First Year as an Entrepreneur

Today I want to talk to you about the dumbest mistakes I made my first year as an entrepreneur.
As I was making a list of all of the dumb mistakes I made, I realized that this episode could have lasted six, seven, or even eight hours, but instead of covering all of them, I'll just share the 12 dumbest mistakes I made my first year as an entrepreneur.

Intro to video - 0:00
#1: I Almost Quit - 0:22
#2: Trying to Become CEO Too Early - 0:49
#3 Trying to Take Advice from Too Many People - 3:16
#4: Not Knowing How to Ask for Advice - 5:22
#5: Forcing Vs. Influencing - 7:08
#6: Living the Dream Too Early - 8:21
#7 Trying to Sell Too Many Products as an Entrepreneur - 9:54
#8 Thinking I Knew it All - 14:01
#9: Partying Too Hard - 16:07
#10: Acting Like a Boss Instead of an Employee - 18:49
#11: Not Having a Schedule - 20:16
#12: Not Knowing the Value of a Business Plan - 20:59

Those were the 12 dumbest mistakes I made -- there were a lot more! Comment at the bottom to let me know the biggest mistakes you've made, and if you haven't already done so, be sure to subscribe.

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[salymakhmedov]

My dumbest mistake right now is overlearning and not taking enough action.

[faichalayeva]

I felt like I was hearing advice from a family member who wants to see me succeed. Thank you, sir.

[KatariaGujjar]

My biggest mistake is trusting people close to me.
I learned that most people want me to do good but don't want me to do better than them.

[my_igwe]

1. Almost quit
2. Become CEO too quickly
3. Taking advice from too many people
4. Not knowing how to ask for advice
5. Forcing v. Influencing
6. Living the life too early
7. Selling too many products
8. Thinking that I knew it all
9. Partying too hard
10. Acting like a boss, not an employee
11. Not having a schedule
12. Not having a business plan

[hztech]

My dumbest mistake is continuing in watching videos and inspirational stories without starting ... So stop watching videos of how to succeed and just start ;)
ps: this video is really great ...

[nyreggie]

Most people procrastinate because they're unsure. We over analyze because we're unsure. Just do it anyway. Time costs lives, Most times it amaze me greatly the way I moved from an average lifestyle to earning over $63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities are bound in the financial markets, The only thing is to know where to focus.

[tonyl]

1- DO NOT quit.
2- Sales FIRST.
3- Only ask advise that match your rate of progress.
4- Don't fall for distractions, stay focus.

[purpleharmony]

My biggest mistake was thinking that I didn't need anyone, that I could do it all myself. Don't feel as if you have to make this journey alone. Every successful entrepreneur has a solid team behind them. It won't be easy to find them, but when you surround yourself with the right people, amazing things will happen.

[GlowZFeiei]

My dumbest mistake is staying in the comfort zone.

[claystudios]

I'm so amazed by the READ shelf at the back

[olivialeo]

If you wanna be successful, you most take responsibility for your emotions and not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed.

[laraethan]

If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has exhausted. Investment is a ladder to climb the financial wall.

[RoadExcellence]

Don't let fear get in the way. Take that leap of faith!

[rawhairwholesaler]

My dumbest mistake was discounting my brand to please customers who had no intentions of buying in the first place

[UllasMathewMukkudan]

My dumbest mistake: Not collecting dues from customers on time and still providing services expecting that they'd pay eventually. Boy, was I so wrong.

[Georbur]

1# I almost quit.
2# Learn to eat as a sales man first. Business owner second.
3# Advice from too many people. (Who has the life/Business you want? What are they doing when they were where you are?)
4# Learn to ask for advice. When they were at your level what did they do everyday?
5# Don't force people. Set an example style leadership.
6# Living the dream too early. #1 Goal in business is to set in business.
7# Trying to sell too many products.
8# Thinking I knew it all. (Heartbreak and rock bottom will fix this)
9# Partied too hard. ( You want to be the owner of the places you party at)
10# Acting like a boss vs employee. Hold yourself accountable.
11# Create a schedule and stick to it.
12# Value your business plan. (Business plan includes actionable items and habits to enforce everyday) BUILD A HABIT, SKILLSET DISCIPLINE PLAN it is critical over everything.

[slessmilani]

As someone who has owned several nightclubs, you're so correct! I can't stand bars. Welcome to adulting, much less drama. By the way, I still have friends that are my age and they still partying like we did 18 years ago. They're a mess, and nothing has changed. Same drama. I say friends, but there are some people that I had to let go from my life. They spewed negativity and no matter how much advise you give, they don't take it. I realized that some people will have you distracted with them, and they could care less if you're not getting done what you need to in order to create and maintain success. Some people just never want to grow up.

[vincentbrown]

Nice content, Investment are stepping stone to SUCCESS, investing is what creates you wealth and wealth brings you assets.
and assets buys you Freedom.

[emevr]

"Action is worry's worst enemy." - From a fortune cookie (I kid you not.)

[KrispyBrown]

My mistake was having too many businesses to try to establish multiple streams of income. My take away from this? Identify, Focus and Build on ONE.
Thank you, Mr. Bet-David.