Not Assembling the Right Team

The people you surround yourself with will have a significant impact on the success of your business. Chris advises entrepreneurs to carefully select their team members and ensure they have the necessary skills, experience, and drive to help their businesses succeed. It includes finding a cofounder who shares your vision and values and assembling a strong support team of advisors, mentors, and partners.

Starting a business requires compliance with a range of legal and regulatory requirements. Failing to comply with these requirements can result in significant fines and legal trouble. Chris suggests seeking the advice of a lawyer or other professional to ensure that you're meeting all of the necessary legal and regulatory requirements for your business.

In today's business world, customers expect a high level of service and a positive experience, and failing to deliver on these expectations can result in lost business and negative reviews. Chris emphasizes the importance of putting the customer first and ensuring that every aspect of your business, from product design to customer support, is designed to deliver a positive experience.