Ten Common Mistakes of Entrepreneurs

Ten Common Mistakes of Entrepreneurs from the Minnesota Journal of Business Law and Entrepreneurship.

  1. Failure to take the money.
  2. Unrealistic valuation expectations.
  3. “If you build it, they will come” syndrome.
  4. Failure to strike when the iron is hot.
  5. Not understanding your strengths and weaknesses.
  6. Unsuitable legal structure.
  7. Failure to protect intellectual property.
  8. Not listening.
  9. Avoiding champagne taste with your beer budget.
  10. Not recognizing we are always selling.

One surprise was that Amazon.com had a patent on their “one-click” shopping cart system. I wonder how they go about enforcing that?


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