Top Mistakes Entrepreneurs Make: Part 1
Blessed + Bossed Up
Anchored Media Network
4.8 • 2.2K Ratings
🗓️ 8 June 2022
⏱️ 14 minutes
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| 0:00.0 | Hey guys, welcome back to my channel. My name is Tatum Tamia. I'm the host of the |
| 0:11.0 | Blessing Bossed Up podcast and a CEO of Anchor Media. In the next couple of videos, we're |
| 0:15.6 | going to be talking about the top mistakes that a lot of new entrepreneurs make. This |
| 0:20.0 | is part one and then it's going to be a part two after this. So make sure that you like |
| 0:24.4 | subscribe and hit that notification bell so you don't miss when we post it. One of the |
| 0:29.0 | biggest mistakes that I see is that a lot of new entrepreneurs don't have a lot of |
| 0:36.6 | focus or a proper plan and it's very easy to get distracted to get pulled in a bunch of |
| 0:44.6 | different directions when you don't have a clear vision of where you're going. And |
| 0:49.9 | then when you add faith into it, a lot of times we over spiritualize the process as well |
| 0:55.5 | that leads us a lot more and on this hamster wheel where we're doing a ton of things but |
| 1:01.7 | not really seeing results. So the first thing that you need to do when you have a business |
| 1:06.6 | idea is to do a business plan. Now it's not something you need to turn in for a great |
| 1:12.4 | to my overachievers. You're not writing this to get it out. You're writing this so that |
| 1:18.2 | you can flesh out your idea. A business plan forces you to look into the details of |
| 1:24.9 | the market of what you're offering, what sets you're off for a part of the pricing, |
| 1:31.8 | all of the things. It just forces you to really look at the details of the business. So |
| 1:36.8 | that's the first thing that you need to do. In my opinion, what you also need to do is |
| 1:42.5 | have a clear vision, a clear strategic plan. So something we have in our company is a five |
| 1:48.4 | year strategic plan. So I know from now until five years from now what the focus is going |
| 1:54.7 | to be and then we make decisions based off of the established focus right now in the |
| 2:00.2 | digital age because a lot of businesses that even were traditionally breaking water are |
| 2:05.0 | online. It's so much information that's being thrown at us. And the sales people aren't |
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