10 MISTAKES EVERY NEW BUSINESS SHOULD AVOID

1.            Not creating a business plan
2.            Ignoring the Internet
3.            Inconsistent branding of your new business
4.            Insufficient funding or lack of credit options to get enough funding
5.            Picking the wrong business structure (LLC, INC, LLP)
6.            No Financial Reporting
7.            Extending credit to customers without proper credit checks
8.            Poor pricing and cost estimating
9.            Insufficient financial management skill
10.          Poor Hiring practices

The better you prepare yourself and understand the challenges of starting a new business, the more likely it is that your idea will become a profitable and growing company.

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