10 Mistakes Every Entrepreneur Should Make | Raul Handa | TEDxMSRIT

Entrepreneurship & Business Strategy - The speaker shares personal experiences of bankruptcy and building the Fortuna Group to $15 million in annual recurring revenue, emphasizing the importance of learning from mistakes [1] - The speaker advocates for making mistakes early in entrepreneurship to learn and avoid repeating them, viewing mistakes as fundamental to growth [1] - The speaker suggests launching businesses quickly, within three months of having an idea, and learning on the go, rather than waiting for perfect conditions [2] - The speaker highlights the importance of trusting people, including angel investors, VCs, and employees, despite the risk of betrayal [9] - The speaker advises against solely chasing trends like AI and D2C, and instead focusing on solving real problems [10] - The speaker emphasizes that money made from consumers should be used to grow the business, rather than relying on outside funding [15] - The speaker suggests entrepreneurs should initially do everything themselves (HR, finance, marketing, etc) to gain practical knowledge [16][17] - The speaker warns against comparing oneself to others and feeling the "fear of missing out" (FOMO), which can lead to raising money unnecessarily [23][24] - The speaker advises against falling in love with one's own idea, as it can blind entrepreneurs to flaws, and instead encourages focusing on customers [27][28] - The speaker illustrates the learning process with an example of receiving $1,000 repeatedly, showing how mistakes lead to better financial management over time [29][30]