Rookie Mistakes: 4 Lessons Young Entrepreneurs Learn The Hard Way


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Starting a business is kind of like a learning process, mistakes will be made and failures might just happen. Although some people are afraid of failing, our best advice is to just take it in your stride, you might feel awful about those little failures but it’ll be okay. Check out how Rosie, founder of The London Fashion Agency, dealt with failures along the way and created her own business by clicking here.

Thinking too big too fast..
I am the kind of person that, as soon as I set my goal, I want to achieve it right away. This can be extremely frustrating. We’ve heard it so many times but it is true: success doesn’t happen overnight and if you think you’re the exception you’re making a big mistake. Take small steps and appreciate the little accomplishments. Remember: Sophia Amoruso started with an Ebay Store and not a fashion empire right away! Read more about how there’s no easy way to success here!

Telling too many people about it..
Of course, you should be proud of what you’re doing. But especially in the beginning the more people know, the more people have expectations. And even though it can make you feel motivated, it will also make you more scared of failure. Make sure that all of those people don’t put you under pressure.

Not having the right people around you…
I am positive that you are dedicated and willing to work hard but, you can never do it all on your own. If you want to start a serious business you should make sure that you have the right people around you, like a lawyer if things get tough, an accountant or maybe just a friend that can help you with specific things. Thinking that you don’t need these people around you can make you feel extra stressed out in certain situations.

Check out our article on how your girl squad can get you a job if you need more proof that it’s about the people you surround yourself with.

Giving up because things get tough…
Nobody said being a young entrepreneur was easy. Sometimes it can be quite overwhelming and I think we all have those days when it’s all too much and we want to give up. In moments like that, it’s so important that you don’t make any fast decisions. Take a small break if possible and remember why you started in the first place.

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By Hannah Lutterbach

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  • Amy Sewell

    Agree with all of these, especially the need to surround yourself with the right people. From the experience of starting my company more than 10 years ago, here are a few additional money tips I recently shared on my blog:

  • Sierra @ HappyCuriousLife

    Seriously need this kind of modivation for me today. These are great tips to really keep your dreams and modivation going!

  • Daiana Aguirre

    Thank you for this awesome advice. I am an entrepeneur and I love everything you post because the articles are really useful. Thank you so much!

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