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10 Business Mistakes for Start-Ups to Avoid

10 Business Mistakes for Start-Ups to Avoid

La'Shon Anthony | SmallBizLink


8. Accepting defeat rather than discovering a solution. Good entrepreneurs find a way.

Every problem can be resolved by analyzing the issues. If you can’t figure it out, ask for help from a consultant, another business owner or mentor. Organizations for women & minorities, incubators, local SBDCs, state departments of commerce, and chambers of commerce are also there to lend a hand.

9. Trying to do too many things at once.

As the owner, focus on what YOU do best. Don’t attempt to do everything. Being the publicity agent, office manager, web designer, inventory manager, bookkeeper, recruiter, and buyer will overstretch & exhaust your energies.

10. Not having a clear, long-term goal. No sales, marketing or business plan.

Will your marketing plan produce the sales you need to turn a profit? Score, a free small business mentoring resource, offers a start-up template that can keep you on track. Helpful online training from the Small Business Administration (SBA) on how to write plans are available here.

The SBA is a terrific resource for planning, budgeting, tools, workshops, counseling, and guides to avoid these consequences. Lastly, check out the myriad of videos available at SBTV.com. Get advice. Get informed. Stay prepared.