3 Financial Mistakes Entrepreneurs Make

#WrittenInThePastPublishedNow

  1. Investing a lot in creating a new product

I have made this mistake many times, i.e. overly investing a lot of money in the development of new a product at once. Obviously ‘a lot’ is relative. My ‘lot’ can be less to yours.

The danger with this is, if the product doesn’t work, the loss is greater.

When developing a new product, entrepreneurs should strive for ways to do it in tiny bits and not expose all of their capital, and thus allowing them a safe feasibility test. Read more

How I Lost R90 000 in 2011 and Still Miss it When I Am Broke

I am on a promotion of fourth and latest book, ‘The Anxious Entrepreneur’. Do check it out.

When broke, don’t you sometimes ponder upon the monies you had in the past, the deals missed and those you said no to?

Today I am doing that. I am expecting monies to come through and even those funds are budgeted for different projects. I want more to put into current and others. What I mean here is I am future broke.

Money multiplies Read more