Learning From Another Entrepreneur’s Mistakes

Last year we asked a number of startup entrepreneurs to provide their top tips for success. Today "DebtKid" on the LendingClub blog listed 7 mistakes made when he/she was building out his/her startup. Check out the full blog post for all of the details and apparently later this week will come 7 things done right.

Update: Top Dog Ted has a post regarding the mistakes listed below. Ted discusses hiring a friend and the points to consider.

Here’s the 7 things:

1. I Managed People like Michael Scott from “The Office”
2. I Hired My Friends
3. I Budgeted Like Britney Spears: Terribly
4. I Leased A Fancy Office While My Large Basement Went Unused
5. I Raised Money Before I Had Customers
6. I Mixed Business with Pleasure
7. I Assumed Everything Would Go According to Plan

I will get working on the next startup tips ebook. If you would like to participate, send me a note.