Focusing on too many things
Entrepreneurs have the special powers of constantly attempting to be superheroes. They tend to think that they can offer their 2 cents of knowledge to every department working towards their dream. This leads into focusing on to too many things. This habit often results in them being unable to offer their 100% to almost any of the tasks they put their hands in. An entrepreneur must understand that they must focus on departments in which they specialize, for the rest they can simply recruit and oversee. Focusing on too many things can also lead to entrepreneurial depression.
Chasing money and random opportunities
At times, entrepreneurs start pursuing money and in the process forget the purpose of creating their startup. There is no quicker way to drown your enterprise than start chasing too many things. Entrepreneurs have a habit of being on the lookout to make money and also seek random opportunities but in the process they tend to forget about the task at hand. The sign of a good entrepreneur is their habit of being unshakable and focused.
Taking your competition for granted
Consider this as a cardinal sin. Many entrepreneurs once they taste success tend to develop a habit of taking their competition for granted. We have witnessed far too many organizations collapse because they allowed their competitors to sneak in from the backdoor and take their position. This habit gets developed slowly but is surely disastrous. Even if you are the only one in your product category, never take your competition for granted.