From grocery owners and education consultants to mortgage brokers and lawyers, there is hardly any business in Australia that a Nepali entrepreneur has not been linked with. With the increasing rate of Nepalese immigrants incoming every year, the number of businesses owned by investor of a Nepali origin is also multiplying.
The businesses are of various nature yet they tend to have few characteristics in common – “the costly mistakes”, argues the University of Canberra academic Dr. Kishor Vaidya.
Associate professor Dr. Vaidya pointed out these common mistakes while presenting a paper during the first National Entrepreneur Conference 2017. The conference was organized by NRNA Australia.
What are those 10 costly Mistakes ?
- Inappropriate Business Name.
- Ineffective Marketing.
- Poor Time Management.
- Excessive Political Involvement.
- Copying others.
- Trying to appear bigger.
- Zero investment in skills development.
- Messing up with Accounts and Finance.
- Not evaluating progress.
- Not seeking multiple streams of extra income.
These points are the summarized contents of Dr. Vaidya’s presentation. He can be contacted at firstname.lastname@example.org for further details.