Starting a business is not easy. As you strive to start and grow your business while improving your bottom line, you will be faced with a number of challenges. These business challenges will include anything from product development to marketing to maintaining profitability to problematic employees. You will also be faced with business challenges that are out of your reach, such as a sudden economic downturn or international conflict elsewhere.
The ideal situation, of course, is to go through the process of starting a business without a single misstep. Unfortunately, that doesn’t always happen. You sometimes trip; or even stumble; or worse, fall flat on your face. Discounting complete ineptitude and bad luck, you can expect to make some mistakes when starting or growing your small business.
If you are going to survive and be a long-term success in business, then you need to be aware of the most common mistakes and pitfalls that can ruin your best-laid plans. Read tips, articles and advice on common business challenges and mistakes — and learn how to avoid them.
Learn most frequent small business startup mistakes that new businesses make and advice on avoiding them.
Like many adventures, taking a headfirst dive into a shiny new small business involves taking a big leap of faith. Learn some of the basic measures you can put in place to reduce this risk and give yourself the best chance of being successful.
Businesses often branch out to some other segments or niches, and small businesses are no exception. With all the branching out, it is imperative that you understand how each part of the segments contribute to your overall business. Start by asking yourself these questions
It is very tough to own and manage a business in today’s times. Many businesses are going bankrupt and others are struggling just to survive. Learn about managing fear and how to reduce stress and make your business succeed.
From the book The Maui Millionaires for Business: The Five Secrets to Get on the Millionaire Fast Track by David Finkel and Diane Kennedy, here are the 10 biggest business blunders — and how you as a small business owner can avoid them
When starting a business, you are bound to make mistakes. The key is to make sure that the mistakes you commit are not fatal to your business. From the book So, You Want to Start a Business?: 8 Steps to Take Before Making the Leapby Ed Hess and Charles Goetz, here are nine killer mistakes […]
To increase your startup’s odds of not only surviving, but growing and prospering for decades, you need to establish a strong foundation in the very beginning. Here are seven priorities for every startup’s first year in business.