Blind spot of car can give accident. Paper work is also a blind spot for entrepreneur who start business. Paper work include such as company registration, company law, business plan, strategic plan, finance plan, etc. I can say that you don’t have full knowledge to handle everything. You’ll say that you’ve enough money to do that. But there are some fatal thing which can ruin your company if you don’t do by yourself.
For example, you cannot keep your shoulder out off company registration and setting up process. If you do, it won’t be your company anymore. If you are starting business with share holders, Make sure you talk about share value in detail. And how do you gonna manager your inventory? Most entrepreneur only focus on working on products or services they want and don’t know they are important person in paper work. Another solution entrepreneur found out is hiring freelance professional such as business law advisor, accountant and other experts. But always entrepreneur should remember that they still have to know and understand all of it.
There are lots of blind spots entrepreneurs have when starting business. Starting a business need lots of skills. It’s not all about creating a product. It includes marketing, sale, customer relation maintenance, managing human resources, finance control, etc. What you cannot do are your blind spots. What I usually do is ‘learning by doing’. I learn by doing. If having something to do new, always discuss with those who know well about it and self-study.