Top nots to do when starting the business:
Number one is to pick the wrong business.
A lot of companies fail, right? 80% + of companies fail in five years, a lot of it has to do with the fact that you picked the wrong business. Your business is just trying to make money, and if money is your only goal, you’re not going to be successful. You look at any entrepreneur who starts off and just trying to make money, they rarely do. If you look at the most successful entrepreneurs of all time, the big names are people you would recognize: Oprah Winfrey, Bill Gates, Steve Jobs whoever it is. Look at why they got started. Look at the early days of the reason for starting their business. The number one is never to make money okay. They want to have a positive impact. They want to change the way something is done. They want to mean something, but it’s not just to make money. Now making money is important, okay? I’m not saying start a charity. You got to make money. You got to be able to support Your family and your community have their Lifestyle. Money is going to be important. We’re not throwing it away, but it’s not the number one reason for starting a business. You have to be passionate about what you’re doing. Too many entrepreneurs Pick the wrong business.
Number two of Top 7 nots to …