Avoid These 8 Business-Killing Mistakes Most Rookie Entrepreneur Makes #113

In this episode of The Chill MomBoss Show, I’m diving into the 8 most common mistakes rookie business owners make that could determine the success or failure of their business. I’m sharing these lessons from my own experience of building six businesses and coaching over 500 entrepreneurs. From skipping product validation to overspending and chasing followers instead of sales, I’ll walk you through the key mistakes to avoid. Whether you’re just starting out or looking to grow your business, this video will give you actionable insights to help you succeed. Watch now to make sure you’re not falling into these common traps!

Timestamps:

0:00 Introduction

2:15 Mistake #1: Skipping Product Validation

7:45 Mistake #2: Overspending

12:10 Mistake #3: Chasing Followers Over Sales

15:30 Mistake #4: Waiting for Perfection

18:05 Mistake #5: Targeting Everyone

22:15 Mistake #6: Copying Others

24:40 Mistake #7: Ignoring Email Marketing

28:05 Mistake #8: Not Starting Today

Been thinking about starting your own business? Join us at our upcoming free webinar - 3 Secrets To Grow a $100K Business From Home: www.momboss.academy/3secrets

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Watch this on YT: https://youtu.be/5lYtr0haaWQ 

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To connect with me on other platforms:

LinkedIn - https://www.linkedin.com/in/michhon

Instagram - https://www.instagram.com/thechillmom

TikTok - https://www.tiktok.com/@michelle.hon

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ABOUT: 12 years ago, Michelle Hon started a blog from home and turned it into a more than half a million dollar revenue business. Today, she's an author, speaker, business coach, investor and she's leading 5 businesses, from F&B, publishing, digital marketing to education. Michelle’s blog has generated more than 3 million views, and hundreds of students have completed her business growth online courses and videos. Her story has been featured on Channel News Asia, Lifetime Asia, The Asian Money, Parenting World and more. In 2019, Zine named her one of the Top 10 Mom Influencers in the World. She is the recipient for the Mentorship Award at 2022 World Women Organisation (WWO) Global Leadership Conference for the impact she has made.