Common Mistakes Entrepreneurs Make to Start their Own Business

Before you quit your 9-5 office job based off the impulse of bringing your revolutionary idea to life, consider these things.

While your idea may be convincing enough for you to look into long term, the market may not share the same feelings. It’s easy to string together a gaudy business plan and get all giddy over it. It happens to most people. And who knows, your idea could be one of the biggest things that’s ever happened to the world.

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The History of Valve Corporation

Gabe Newell and Mike Harrington left Microsoft in the mid 90s after seeing that Doom had a larger install base than Windows did. Newell recalls that the Microsoft sales people were racking their brains trying to figure out how to outsell a DOS based video game. After seeing that potential, Newell felt he could add something to the process.

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Wireless industry is consolidating

The T-Mobile USA, a subsidiary of Germany’s Deutsche Telekom announced recently that it will acquire no-contract and low-rate, pre-paid plan cellphone provider MetroPCS Communications for cash and stock deal worth $4.6 billion. The transaction is expected to close during the first half of 2013. AT&T previously aborted its attempts to acquire T-Mobile USA.

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