BY JOHN RAMPTON IN ENTREPRENEUR.COM
5 Lessons for First-Time Entrepreneurs I Learned the Hard Way
Now that I’m well past my first-time entrepreneur experience, I can reflect on what I learned during that period in my life. In doing so, my tips might be able to help some of you first-time entrepreneurs out there get past barriers a little more quickly, get launched faster, and avoid some pitfalls along the way.
I’ve failed many time. I can remember several times where I didn’t even have enough money in my bank account to pay off the minimum payment on my credit card.
Years later and a healthy bank account later I can share with you a few things I should have known but didn’t. Here are five tips that I wish I knew before I started that would have potentially saved me from failing several times:
1. Ask a lot of questions.
There were many places where I thought I knew what I was doing that would have been better served if I had asked questions instead of assuming. I thought if I asked questions that maybe someone might think I was stupid or might not take me seriously in the business and investment worlds. In actual fact, I should have spoken up and asked more questions because this would have saved me time and money as well as potentially got me funding faster.