Heyo! Welcome to the $100 MBA show! We've been sticking it to business school since 2013 and now we're doing it with our daily 10 minute business lessons for the real world. I'm your host, your coach, your teacher, Omar Zenholm, I'm also the co-founder of the $100 MBA, a complete training and community

online.

And today you will learn the 10 sins of entrepreneurship.

Being an entrepreneur is not easy.

There's a lot of things to look out for

and in this episode I'm going to point out

the 10 deadly sins or the 10 things

you need to make sure you try to avoid.

So let's get down to business.

All right, the first sin of entrepreneurship is analysis paralysis.

Many entrepreneurs suffer from this, and they call it being a perfectionist.

This is deadly.

Business is about doing.

It's about implementing what you've learned.

Taking action is critical. We often analyze things over and over.

Should I do this, you're not? And that's a big waste of time and energy and stress.

Often you'll get the answer by just giving it a try,

finding out, you might fail, you may not,

but the point is that you will learn.

Set deadlines for certain actions to make sure you take action at a certain time and you stop analyzing.

Set number two, having a short-term view.

Having a short-term view will almost guarantee short-term success or worse no success at all.

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