20 Mistakes to Avoid When Starting a Business
Learn what small business experts say are the 20 biggest blunders startups make. Creating and implementing thorough plans for your business can keep your startup on track to succeed. Being responsible with your business’s finances can help you avoid common money pitfalls. When you understand the demands that starting a new business entails, you can better prepare for the upcoming responsibilities. This article is for people who are starting a business and want to avoid common mistakes. Starting a business is challenging, but there are many areas you can focus on to help ensure your business stays afloat beyond its first year and continues to succeed. We asked several small business owners and executives to share 20 mistakes new business owners should avoid as they get their companies up and running. 20 mistakes to avoid when starting your business According to the U.S. Bureau of Labor Statistics , more than 18% of new businesses fail during their first two years of op...