# 6 Avoidable Errors that Entrepreneurs Make! Share your dream with your entire team and let the team members be a part of it

By Aanchal Saini

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

1.Starting up for the wrong reasons!

It is very important why you wish to start something. I heard someone say I am starting my own business so that I have more time fot myself. My response to that was: ROFL!! Starting your own work, be ready to work happily 24X7! You will not see your friends and family often, you will have to work on Saturday nights, while your friends party hard. Be prepared for the drill, which will be much harder than a job. While others enjoy a vacation at a beach, you will hardly find time to sleep.

Discover your passion and identify a real problem that you will be solving through your start-up. Start with purpose and commit to it, with all you got!

2. Missing out on the opportunity in their pursuit for perfection

Once you have identified the purpose and have set a goal for yourself, just start! You don't have to have the perfect product from the first day of launch, rather, be prepared to refine your plans and the product as you learn from the market and your users. Build a product for your users, considering and incorporating their feedback.

3. Succumbing to the pressure to succeed with a deadline

First time entrepreneurs like myself, feel the pressure of living up to the expectations of their peers and family, as the common belief is that all successful founders are prospering and make tons of money as their business is thriving. But the truth is that at times, we survive the day by pushing a dozen setbacks and with no compensations for months, to see our business flourish.

One shouldn't succumb to the pressure of succeeding from day one. Entrepreneurship is hard and even harder for a bootstrapped startup. Just stick to your goal and have an unconditional commitment to your dream.

4. Picking the wrong team-members

You can never be a loner in something big you are going to create. The crown you will wear belongs to the entire team. So, in order to get that crown, choose your team wisely. You need wise and dedicated people who understand the business and are passionate about your dream. Hire for their dedication and perseverance.

A right team supports your startup like a pillar and the wrong team can be the reason for its collapse. Choose wisely!

5. Keeping secrets

Share your dream with the entire team and let them own a part of it. You can never gain your team's trust if you keep secrets from them and if they don't understand your dream entirely. Only when they own your dream like theirs, they will be able to develop that passion and deliver results.

6. Imbalance between Courage & Caution

Being an entrepreneur requires courage and you should win your inhibitions to take the plunge. However, at the same time, you need to act with caution, keeping your dreams, interest of your team & business at the core. It is important to safeguard your team as you venture in the wild world of business.It is important to plan but at the same time it is also very important to have the courage to try new things and execute the plans. A room with a white board and a marker can never teach you what you learn from going there and actually doing it.

Aanchal Saini

CEO and head of business, RENT IT BAE

Aanchal Saini, CEO & head of business, has been the stellar force behind spawning & conceptualization of RENT IT BAE. She is responsible for running all the facets of business right from procurement to business development. With her unique & interesting inputs, Aanchal brings in a lot of passion & commitment in driving the team. Prior to RENT IT BAE, Aanchal was a practising lawyer & was one of the founding members of the Delhi International Arbitration Centre, Delhi High Court.

Growing a Business

'Boring' Businesses Are Making Millionaires — and You Can Borrow Their Strategies For Success

The silent growth strategy reveals how understated, steady businesses are quietly creating wealth for entrepreneurs in 2025. By focusing on long-term consistency and incremental progress, these "boring" industries are proving to be gold mines for those willing to embrace stability over hype.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Leadership

Having This Kind of Mindset as a Leader Is the Key to Inspiring Teams, Creating Meaningful Impact and Achieving Lasting Success

True leadership is about more than just short-term profits — it's about leading with purpose, clarity and self-awareness. Superstar CEOs like Satya Nadella and John Mackey are demonstrating that conscious leadership is critical to success in today's marketplace.

Operations & Logistics

The Success of a New Product Launch Comes Down to One Detail, According to This Expert

A veteran consumer product officer shares the corporate strategy that small business owners can use to boost sales and loyalty.

Business News

YouTuber MrBeast Makes More Money From His Side Hustle Than From His YouTube Videos

The 26-year-old creator has racked up hundreds of millions of views and subscribers on YouTube, but it isn't his main moneymaker.

Business News

JPMorgan CEO Jamie Dimon Says Only One Group Is Complaining About Returning to the Office

In a new interview, Dimon said remote work "doesn't work" and noted some JPMorgan employees were checking their phones while he was speaking in a meeting.