No. 1 mistake: Lack of ambition
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I want to change the world.
Because failure is likely for most, it keeps entrepreneurship/innovation a challenging, but exciting and rewarding enterprise, especially if you stay optimistic and passionate to overcome obstacles.
Lack of ambition. Several give up, or fail to constantly think of innovative ways to execute new or existing ideas into a successful business model even after success or failure.
- Be persistent.
- Be open to advice and feedback from others that most likely have more experience than you.
- Share your thoughts and ideas with others to get constructive criticism, which can improve the idea and help you discover new ways to execute them successfully.
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Anti-Groupon; We recently published consumer and merchant insights and live access to an ROI Tool we created giving both consumers and merchants the ability to figure out profit or loss if a business ran a 50% off deal or coupon vs. selling vouchers themselves. It can be found at http://qoggo.com/roi