Friday 10th March 2006

Five biggest entrepreneurial mistakes

The five biggest mistakes entrepreneurs make is a seven minute webinar from the Entrepreneurial Thought Leader Speaker Series.

Jerry Kaplan discusses learning from failure, founding team composition, comfort with change, developing purpose, vision and values, developing teamwork skills, the entrepreneur and developing entrepreneurial leadership skills.

Jerry elaborates on the five biggest mistakes entrepreneurs make:

1. Having unclear goals and an unclear vision.
2. Trying to prove that you are smart - very common in young entrepreneurs.
3. Greed - doing it for money, not raising enough money and not distributing the equity as widely as possible.
4. Hiring people that they like rather than people that they need.
5. Not knowing when to let go.

Note: This content is provided courtesy of Stanford University's Educators Corner. For further information visit http://edcorner.stanford.edu/

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