Top 5 Mistakes When Starting a New Business | how to avoid common startup mistakes

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  • เผยแพร่เมื่อ 4 ก.ค. 2024
  • So many businesses never launch or never become profitable. But how do you avoid becoming just one more statistic? In this video I share the top 5 mistakes people make when starting a new business, and how to avoid them.
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    Legal Disclosure: Elizabeth is licensed to practice in the state of California and before the United States Patent and Trademark Office. Information contained in this video is not legal advice - please seek advice of counsel. This video and description may contain attorney advertising.
    Disclosure: My videos may contain reviews, recommendations, testimonials, or endorsements of other businesses, individuals, events, materials (such as books), products, services, or websites. I may receive affiliate percentages on sales; if so, it will say “affiliate link” after the link. I will clearly disclose if I have received a free product, free service, discount, or any other compensation related to a review.
    Twitter: / elizabethpw (@ElizabethPW)
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    Comment policy: I reserve the right to delete comments and block anyone from the channel due to threats, hostility, or spam.

ความคิดเห็น • 19

  • @hollyrochford
    @hollyrochford 2 ปีที่แล้ว +2

    Thank you for your channel! While I understand testing a product or service prior to legitimising it legally, I have to say when dealing with creative products, unique catchy slogans on tshirts etc i think there ought to be some protection set up prior to putting them out for public view. Right? And because I want my brand name and logo on these products shouldn't I then also trademark the logo? Putting time effort and money into the creative & production side would be shamefully wasted if my business name, quips and slogans are ripped out from under me.

    • @ElizabethPW
      @ElizabethPW  2 ปีที่แล้ว +1

      In a perfect world, yes. But right now the USPTO is taking a very long time to evaluate trademark applications -- it may be 9 months before they even start to look at it. Most of the time people don't steal slogans or names (except for big brands where it is profitable to counterfeit) -- they just happen to come up with it at a similar time. However, it is common for people and companies to steal *designs* but that you protect via a copyright registration (and enforcement).

  • @hermesmusicAlbania
    @hermesmusicAlbania 2 ปีที่แล้ว

    Finally I heard something helpful and true!

  • @Bubblestheghost
    @Bubblestheghost 2 ปีที่แล้ว

    Omg I love this. I feel like I’m going to be binging a lot of your videos this week. I have a small Etsy business that’s all over the place and a mess, yet somehow does okay. But I just inherited a small chunk of change and I’m ready to invest in myself and and get neat and tidy.

    • @ElizabethPW
      @ElizabethPW  2 ปีที่แล้ว

      Glad you are enjoying the videos! Sounds like a great idea to get everything in order, now that you have the resources

  • @user-gz6mt7dv8t
    @user-gz6mt7dv8t 11 หลายเดือนก่อน

    I love these videos. Thank you.

    • @ElizabethPW
      @ElizabethPW  11 หลายเดือนก่อน

      So glad!

  • @L3VN11
    @L3VN11 ปีที่แล้ว

    iM so thankful i found your videos ive learned so much

  • @lilcj5114
    @lilcj5114 2 ปีที่แล้ว +1

    Hey thank you for the infos. I have a car rental business and an online store. should I have one LLC and one EIN for both or create each separately for each businesses?

    • @ElizabethPW
      @ElizabethPW  2 ปีที่แล้ว +2

      Good question - in this video I go over the +/- of that issue: th-cam.com/video/p-jeQ7TA69A/w-d-xo.html but with a car rental business, it might have enough risk where it makes sense to have it be separate

  • @mostafaelkohil3970
    @mostafaelkohil3970 3 หลายเดือนก่อน

    Hi, can i use my LLC name for multiple businesses?!

  • @NachalYahu
    @NachalYahu 2 ปีที่แล้ว

    Thank you for posting legit information. I am publishing Fbn right now. Going to call city soon for licenses needed. I really appreciate your ethics.

    • @ElizabethPW
      @ElizabethPW  2 ปีที่แล้ว

      You're welcome - glad it was helpful!

  • @NathanAponte
    @NathanAponte 2 ปีที่แล้ว

    I am a Christian and non-Christians may want to hire me for my services

    • @ElizabethPW
      @ElizabethPW  2 ปีที่แล้ว +1

      I know people who focus their work with Christians (Christian financial planning, Christian live coaching) so that's possible.

    • @NathanAponte
      @NathanAponte 2 ปีที่แล้ว

      @@ElizabethPW I felt bad for discriminating

    • @NathanAponte
      @NathanAponte 2 ปีที่แล้ว

      @@ElizabethPW you should let me ghost write a couple blog articles and newsletters for you