12 Mistakes I Made My First Year as an Entrepreneur

For detailed notes and links mentioned in this video, please visit http://patrickbetdavid.com/mistakes-made-first-year-entrepreneur

Today I want to talk to you about the dumbest mistakes I made my first year as an entrepreneur.
As I was making a list of all of the dumb mistakes I made, I realized that this episode could have lasted six, seven, or even eight hours, but instead of covering all of them, I’ll just share the 12 dumbest mistakes I made my first year as an entrepreneur.

#1: I Almost Quit – 0:22

#2: Trying to Become CEO Too Early – 0:49

#3 Trying to Take Advice from Too Many People – 3:16

#4: Not Knowing How to Ask for Advice – 5:22

#5: Forcing Vs. Influencing – 7:08

#6: Living the Dream Too Early – 8:21

#7 Trying to Sell Too Many Products as an Entrepreneur – 9:54

#8 Thinking I Knew it All – 14:01

#9: Partying Too Hard – 16:07

#10: Acting Like a Boss Instead of an Employee – 18:49

#11: Not Having a Schedule – 20:16

#12: Not Knowing the Value of a Business Plan – 20:59

Those were the 12 dumbest mistakes I made — there were a lot more! Comment at the bottom to let me know the biggest mistakes you’ve made, and if you haven’t already done so, be sure to subscribe.

For detailed notes and links mentioned in this video, please visit http://patrickbetdavid.com/mistakes-made-first-year-entrepreneur

Subscribe to the channel: http://www.youtube.com/valuetainment?…

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Schedule: New episodes every Tuesday and Thursday on a broad array of entrepreneurial topics. To see more videos from Entrepreneur Network partner, Patrick Bet-David check out VALUETAINMENT https://www.youtube.com/user/patrickbetdavid

18 replies

    how to make a bhsiness plan!!?? as im a new comer to business field.. what all factors should i considered??!!!

  2. putra pratama
    putra pratama says:

    I just wanna say that you're awesome man. Thank you for sharing. It's very inspiring. My fiance and I are setting up a start up at the moment. Your advice are really great and very helpful to keep our feet on the ground. I'm officially a subscriber to your channel now. 🙏

  3. WaZZaN88
    WaZZaN88 says:

    This is the most influential, honest, practical and basic success lesson, been there and this guy is good,. Thumbs Up

  4. makhobablose audiology
    makhobablose audiology says:

    I like this guy. Good advice. I am currently dealing with some of his past challenges with my business @makhobaaudiology on facebook.

  5. Sean Howland
    Sean Howland says:

    Thank you for all the tips, but I especially liked number twelve. I had no idea where to even start and that was great advice.

  6. Metaverse
    Metaverse says:

    My biggest mistake could possibly be not making any mistakes…And I've never made this mistake. I'm proud that I've made tons of mistakes and still keep going not quitting.

  7. Tamica Satcher
    Tamica Satcher says:

    This video and Recreate are my favorite. My mistake as a younger entrepreneur was not building a savings account. I became pregnant and my business was physical service that no one I hired could do the way I did, but being pregnant set me back and I lost clients and money before my child was born without a savings because I blew my money. I have the best of material things, but no money, so eventually I had to sell those material things.

  8. UAV OPTIX Aerial Imaging, LLC
    UAV OPTIX Aerial Imaging, LLC says:

    you should start a podcast. I'm always on the go and it would be awesome to here more!

  9. Darlene Scott
    Darlene Scott says:

    The biggest mistake I made when I started my last business over a decade ago was thinking I didn't need a team ! You cannot do everything yourself ! I was the CEO, the CFO, the marketer, the receptionist , the everything and I thought I knew everything ! The truth is I knew nothing but learned from my mistakes


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