7. Entrepreneurs being obsessed with fundraising

Fundraising is one of the most common forms of generating money that has to be invested into a business. Startups often make the mistake of fundraising even when the business is doing well. This in a way divides the ownership of the organization which should have been retained by the entrepreneur. The biggest example being that single party governments are more successful than coalitions because in a coalition a lot of bad ideas come from different sources that is sometimes put into implementation besides they need to also take everybody into the context of making the final decision rather than an individual’s or a single entity’s decision. Thus investing the profits and retaining the ownership can lead to right decisions.

8. Bad Investee relationships

Young entrepreneurs should avoid chasing Investors for funding their business rather they should promote their organization plan in such a manner that it should excite investors from various corners of the globe to really invest in the business plan. One strategy that can come handy to young entrepreneurs is to build good friendly relationships with the entrepreneurs of a previously funded company. This in a way helps the entrepreneur to come across the various investors in the market and the funded company can act as a trustee.