What is the biggest mistake an entrepreneur can make?

24.10.2024

VASEK’s business advisors Tuija Räihä-Pundars and Kenneth Dalkvist smile at the provocative question in the headline and provide a reassuring answer: – Entrepreneurs, like people in general, do make mistakes, but you learn from your mistakes, and few mistakes are such that they cannot be corrected in some way, says Dalkvist.

– Perhaps the worst mistake is to ponder things alone, whether it is about developing operations or dealing with various ongoing or acute problems, adds Räihä-Pundars.

VASEK and Enterprise Agency Startia’s business advisory services are always free of charge and confidential, so the threshold to contact us is indeed very low.

– We can consider the business idea and suitable business areas together with the aspiring entrepreneur. You can come to the start-up advisory service empty-handed, so to speak. From there, we will start building a new direction, emphasises Dalkvist.

– And the customer relationship does not end with the establishment of the company but continues with the development of the company, investments, recruitments, premises, and other matters in the coming years, throughout the entire life cycle of the company, whenever the entrepreneur feels the need for an external perspective on things, continues Räihä-Pundars.

The business advisors’ thoughts return to mistakes:

– The second biggest mistake an entrepreneur can make is to not find out the correct procedures right from the start, for example, regarding accounting, invoicing, contracts, employment relationships, or data protection issues, lists Dalkvist.

Räihä-Pundars immediately reassures:

– These are all things that will certainly come up in discussions with a business advisor, so just get in touch with us at any stage of your business. We will assess the situation together, consider the right measures, and seek information and, if necessary, find experts from our networks to help.