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10 Biggest Business Blunders

The authors of the book The Maui Millionaires, David Finkel and Diane Kennedy, continue their exploration for amassing wealth in their new book “The Maui Millionaires for Business. The publishers sent me an excerpt of the book, which focused on how entrepreneurs and business-people can successfully solve wealth challenges.

According to the book, here are the top 10 biggest blunders committed by entrepreneurs and freelancers:

1. Taking Your Eye Off of Your Cash Flow
2. Improper Management of Accounts Receivable
3. Over Expansion
4. Too Much Time Setting Up Instead of Getting Business
5. Selling by the Hour
6. Giving Your Expertise Away in a Way that Has No Perceived Value
7. Requiring Payment Before You Give any Value
8. Ignoring Window Shoppers in Favor of Customers
9. Hiring “Warm Bodies”
10. Failure to Fulfill Sales Promises

For strategies on how to solve the above blunders, read the book excerpt of The Maui Millionaires for Business