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The 7 crucial & obvious "DONT's" for SME startups that are most often overlooked:

  • Don't start a business without researching whether there is actual market demand for your product or service.

  • Don't run out of cash by underestimating expenses or overspending before achieving consistent sales revenue.

  • Don't neglect to create a detailed and realistic business plan that outlines your actions and sales projections

  • Don't build a team without diverse skills and a shared vision, as internal conflict can be a major downfall.

  • Don't launch a product or service without a clear sales plan to reach and acquire paying customers.

  • Don't expand too quickly or before your business has a stable revenue foundation, as it can overstretch resources.

  • Don't lose passion for your business; founder burnout can lead to a lack of direction and eventual failure.

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The 7 crucial & obvious "DONT's" for SME startups that are most often overlooked:

  • Don't start a business without researching whether there is actual market demand for your product or service.

  • Don't run out of cash by underestimating expenses or overspending before achieving consistent sales revenue.

  • Don't neglect to create a detailed and realistic business plan that outlines your actions and sales projections.

  • Don't build a team without diverse skills and a shared vision, as internal conflict can be a major downfall.

  • Don't launch a product or service without a clear sales plan to reach and acquire paying customers.

  • Don't expand too quickly or before your business has a stable revenue foundation, as it can overstretch resources.

  • Don't lose passion for your business; founder burnout can lead to a lack of direction and eventual failure.