Small Business Mistakes to Avoid

Owning a small business is a dream for many Americans. The idea of working for oneself and being completely in control of success carries much appeal. However, few small businesses are able to sucessfully take off and often the causes are not a lack of effort from the owner. The biggest factor, arguably, is a general lack of business knowledge. People open businesses within fields that they are familiar with and often fail to acquire the supporting business knowledge needed to operate the business. A full discussion of the typical mistakes that small business owners make could fill books but ultimately the biggest mistake is the lack of a clear vision for the business. There are many components to this error and for the sake of time, we have provided the following list for reference. The list is originally from SelfEmployedKing.com and covers many harmful mistakes that can easily be forgotten while someone is in the process of starting and growing a new business.