<img width="1" height="1" style="display:none;" src="//ib.adnxs.com/pixie?pi=da3765fe-b89e-4d68-a777-4ef35def16e2&amp;e=PageView&amp;script=0">

Startup AdviceExactDrive was recently quoted in an article posted on Founders Space, which is dedicated to helping exceptionally talented entrepreneurs reach their full potential. Their goal is to nurture the brightest, most creative people from around the world, and help them grow their startups, get funding, and bring their unique visions to life.

Mistakes tend to happen for even the most seasoned startup veterans. Maybe you scaled too quickly, mistimed your product launch, or perhaps you just hired the wrong person. Whatever the reason, mistakes often provide a humbling opportunity for reflection and personal growth, and most importantly, give you an idea of what not to do going forward. At the end of the day however, there are some mistakes that can easily be avoided by listening to the advice of others.

We spoke to nine startup founders and asked them what their best advice was for avoiding the most common startup mistakes. Here’s what they said.

1. Focus

Don’t get stretched out. Tackle a single problem and be the best at doing that one thing. Once you’ve conquered the market, see if you can make it even better before jumping into a new vertical.

Peter Ostroske, OFI

2. Be Realistic

Don’t bite off more than you can chew. Create very specific milestones that will lead to tangible growth and focus on those.

Tessa Court, Intelligence Bank

3. Stay Humble

One of the key mistakes particularly smart entrepreneurs make is thinking they know everything and not leaving their previous experience and egos at the door. Listen to advice from people who have been there before you and made the mistake themselves, be open to opinions and accept them for the constructive or nonconstructive manner in which they are offered. Sometimes taking a step back before making key decisions and asking advice when your not 100% will say you a lot of frustration and money too!

Paul Trayman, LivePhuket

4. Accept Change

A common mistake is not being comfortable with changing trends. This year is set to be a very fast paced year with many more advancements in different sectors.

Kenneth Lou, Novelsys

5. Have a  Backup Plan

Always have a Plan B, and C, in case Plan A fails.

Amos Ahola, Collaboration Objects

6. Never Stop Improving

The biggest trap a tech entrepreneur can get into is thinking that the product is finished/done, and they just need to sell it. It is very important to realize that the processes of building/improving a product and selling it are inextricably linked, and there’s huge value in using the experience from selling a product to building it further.

Niraj Rout, Mailflo

7. Prioritize

As the market continues to go faster and faster, I think one of the most important entrepreneurial skills that is needed nowadays is the ability to focus on the top priorities. So, lack of prioritization is the one we should avoid doing – it’s a triangle: what, when and how you do things.

Radu Vrabie, Marketizator

8. Follow Through

Stay focused and keep your eye on the ball. A common trait among entrepreneurs is that we have a lot more ideas than time and resources to implement and execute. Avoid the mistake of getting into the cycle of believing you have another great idea, starting to follow through and take action only to discover that you have been neglecting your core business and revenue model(s). That said, brainstorming can be very positive. Keep an entrepreneurial diary that you look at from time-to-time, but ultimately stay focused on your core business.

Tim Nichols, ExactDrive 

9. Track Your Goals

One of the biggest mistakes for us in the past has been to set too many goals. The result is we end up spinning plates with some goals getting completed whilst others end up delayed. This year, we are creating a goal diary where milestones are checked and dates are provided for completion. No other projects are started until completion of existing tasks is finished.

Robert Sturt, TNU, BT Global MPLS Experts

Read More: Advice for Avoiding Common Startup Mistakes

Topics: Company News, Interviews, Entrepreneur, Startups

Tim Nichols

Written by Tim Nichols

Tim Nichols is a founding partner at ExactDrive, a digital media buying agency with white label, reseller and managed service options available. ExactDrive plans, manages, and optimizes online advertising campaigns with the objective of delivering measurable value and empowering clients to find precisely targeted audiences. ExactDrive has offices in Minneapolis, MN, Milwaukee, WI and SouthWest Florida.

Tim Nichols is also a contributing author on Forbes.com.

Gain Control.

Founded in 2011, ExactDrive is a data-driven digital media buying and planning agency. We’re always on the lookout for motivated ad agencies and businesses with a growth and improvement mindset. The more successful you are, the better your business will grow and ExactDrive is here to help.
ExactDrive works best when paired up with an ad agency or business that is looking to optimize and enhance its service offering and campaign performance. It's important to us not just how much you spend, but where your money goes - we love diversifying our efforts across various digital media channels to maximize return on ad spend.
Whether you want to raise awareness, incite action or open new channels, ExactDrive works behind the scene to deliver results so you can focus on operational imperatives. As a result, we become extensions to your daily ad operations and can be trusted with any digital media need because deep knowledge is always at hand.
To get experts on your side and gain control fill out the form.