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20 Mistakes to Avoid When Starting a Business

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  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...
  When people look back on their lives, what are some of the most common regrets they have? That is a profound question we need to stop and ask more often. Some people look back and say the biggest mistake they made was to not have children. Others look back and say their biggest regret was about lost time. Whatever the case, it’s important to look at how you are living your life and think about how you can avoid future regrets. Many mistakes we make that lead to regret later in life are avoidable. Here are a few of the most common mistakes you need to stop making now to avoid regrets later on in life. 1. Following someone else’s dream. The pain of unfulfilled dreams is more severe than that of disappointments. Twenty, 30 or 40 years from now you will not think about how disappointing you were to your parents for not following the career path they chose for you as much as you will regret not pursuing your own true life passions. Do yourself a favor and stop living for other pe...