Wednesday, April 12, 2006

Top 10 Mistakes Made by the Self-Employed

Steve Pavlina writes: “Having been a non-employee for about 14 years now, I’ve made my share of stupid business mistakes. I’ve also coached a number of people to start their own businesses, and I’ve seen many of them make similar mistakes.”

Here’s his list of mistakes:

  1. Selling to the wrong people.
  2. Spending too much money.
  3. Spending too little money.
  4. Putting on a fake front.
  5. Assuming a signed contract will be honored.
  6. Going against your intuition.
  7. Being too formal.
  8. Sacrificing your personality quirks.
  9. Failing to focus on value creation.
  10. Failing to optimize.

I couldn’t agree more with number 1 on the list. In the past three years, I’ve learned this the hard way, but I think I’m finally getting it down. What do you relate too?

5 Comments

  • Easton Ellsworth says...

    Number six, all the way. I’m not self-employed - I blog for Know More Media - but I often find myself saying, “Man, I was right about that the first time around!”

  • Sara says...

    No. 6 for me, too. “I go against my intuition” should be my bumber sticker. I almost always have self-doubt. I “should have” and “could have” my life away!

  • lindsey says...

    I don’t know if I agree with #7. What’s wrong with being formal? I can see bad things happening if you are too uptight but I don’t think being formal is a bad thing. I think the world would be a nicer place if people were a little more formal with one another.

  • Maria Palma says...

    I probably am guilty of #3. I can be a tightwad sometimes, but I do believe there are plenty of ways to get things done for free, especially on the internet…

  • Mike Smullin says...

    i love 4, 6, 7, 8

    keepin’ it real

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