What are the most common pitfalls for new entrepreneurs to avoid?

I've just launched my first startup, and I feel like I'm making mistakes left and right. The stress is overwhelming, and I'm starting to doubt everything. What's the biggest mistake you made when starting your business? How did you recover from it, and what advice would you give to a struggling newbie like me?

Hi All, I am thinking of starting up in a space that in very passionate about and feel I have a unique insight. I also have a cofounder who I know from a long time from college when we studied comp science What are some common pitfalls to avoid at the early stage of an startup?

Which skillsets one should work upon before being a entrepreneur

I have a few ideas for products I want to build in few niche spaces. At the same time I’m always a bit skeptic in discussing this with friends thinking they might ask for too much equity in partnership The downside is that I feel I have to know everything to even get started How did you do it? If you built your startup, at what point in your life while working full time you started working your own thing and how was the journey like? Any tips you’d give a budding entrepreneur

Folks out there who are starting up a company or have built one. What according to you is the most challenging part? - getting clients, employee management (hiring and retaining), getting funds or investors, dealing with govt policies (taxes) or anything else?

1. Novel/new business idea 2. Degrees/MBAs 3. Experience/reputation 4. Money (hardly 20-30k to register company) 5. CTO 6. Employees/Co-founders 7. External investment 8. Website/app 9. Social media accounts 10. Office location (register home as office) Far too many people focus on needing xyz before starting up. Most of them are excuses and self-imposed roadblocks from what I've seen in my conversations with people. I'm currently working on 2 ventures that still have many items missing from this list. Doesn't really stop me from making revenue and profit. Sure, there may be some things required from this list for specific businesses and at diff stages. But they are mostly an extra, good to have but not required. What is required in copious amounts is courage and will power, willingness to face rejections and ability to withstand multiple failures only to get back up and try again. Also, a healthy enough risk appetite. I hope to see more young and talented folks (especially MBA grads) start their own thing some day. Best time is in your twenties and early thirties, when you have little to lose. If you have any business ideas you want help with, I'd be happy to discuss and share contacts and resources if required. Good luck soldiers, see you in the arena 🪖

I am 27, and I have a well paying job in Bangalore. I want to quit this job and try my hands on entrepreneurship. I feel like I can do much more than what I am currently doing and have a more fulfilling life this way. Unable to see a lot of risks I have a 2 yr runway with savings. Parents don't have financial dependency. If everything fails I can restart my life in the next 1-2 years. Looking for perspectives and things I should consider before taking this step.

Company name - Chat360 It's pretty small and inconspicuous, but if I save even one person from joining this organisation, I will consider it worth it. Based on first hand accounts from 3 very reliable sources who are confirmed employees. A very basic chatbot platform, being marketed as a Gen AI first product. They don't even have basic NLP and claim to be Gen AI.  The founder & ceo is completely directionless. This is his side hustle, but while interviewing new hires he claims that he is the full time CEO (this is not true, he is barely available and always busy in his main business which is a car dealership)  The co-founder is an IIT-grad, and due to the Founder's absence is basically running the show though he has zero business acumen. He constantly bitches about the founder to senior employees. Of course, with such a toxic back story, it is hell to work here. No unity in the team, lot of back biting and bitching, public humiliation on WhatsApp groups, constant blame game. Basically, a shitshow.  Do not, do not, do not join this place. Avoid it like the plague.