8 Biggest Mistakes Young People Do Before Choosing A New Business

Today Everybody wants to become an Entrepreneur, even at Young age! But Make the same mistake others Make in Choosing the Right Business.

You may also love to read: Introduction to Entrepreneurship 

All most everybody make the mistake, your case is not different. Just that there are a lot of Factors to consider to avoid this Mistakes. 

For the sake of Myguide4business is aim at guiding you in Business we will look at each Mistakes and how to avoid them;

What Are The Common Mistakes? 

  • Making Profit:

The Mistakes  Are Not too far from the Benefits, Making Profit is one of the Major aim of Entrepreneurs but as a beginner it should be the last thing to think of, why did  I say that. If you have been only hearing of Successful stories of successful people and how much they make and you just so excited about it and want to start the same way and make yours, Sorry life has no pattern ๐Ÿ‘ฃ๐Ÿ’ƒand you never got the chance to know how they did it and trouble, hard times they pass through to get there.
*I advice you start in a different way and not following the same blueprints, make your own blueprint for others to learn. Blueprints are for encouragement not solutions maker.

  • Lack of Proper Training :

Young People are not Properly Oriented and trained for some Business Field they find themselves and what they should expect, Proper Training should be carried (seminars, workshop training and others should be done) to avoid spending more in Production.  Why did I say that, Most young and new Entrepreneurs just got little or no idea about the Business and just kick off in borrowing loan to start the business and invest all they borrowed for the sake of making huge profit. Now I believe that if young people (Entrepreneurs) are Properly Oriented or trained will do better and know the right invest to make and when to make them.

  • Over Believe and False Approach:
Many Young Entrepreneurs believe they can do most job themselves by writing their own business plan themselves, designing their own logo and other official work in their company. Even though you are well trained computer users do not fall victim of designing your own business logo and others in the name of reducing expenses, Hire a professional and be the one to select the best design(s).

I hope you have just absorb that into your brain and you are ready to avoid them, those are the few once I could mention but if you have and additional information or experience you have gotten or hear from someone please comment it or ask your questions.

Do you Find this article helpful, please share with friends and loved ones. Thank you for your time, thank you for reading.

You may also love to Read :
*How to Turn your Passion into Profit
*How to Promote your Business on  YouTube 


  1. Replies
    1. Thank you for your time and Comment God bless you.

  2. Replies
    1. Mikel, Thank you for Reading.
      I am glad that this post was worth commenting on.
      Once again thank you for your time.


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