For New Business Owners: Don’t Make These Common Mistakes!

December 17, 2018 / GuidesFor Team

Investopedia shares top reasons why businesses fail. According to the same source, 30% of new businesses fail during their first two years of launching, and only 25% reach 15 years or possibly more. Reasons include not coming up with a comprehensive business plan, lack of initial capital, expanding too fast, and external factors such as bad location or access to broadband internet. Despite presence of alternative lending options, faster internet service providers, and business consultants, small business owners tend to make common mistakes especially when they are still starting out. This article from Smallbiztrends summarizes common mistakes faced by small businesses. People selection happens to be one of them – Regina Ongkiko

Read the source article at Small Business News, Tips, Advice

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