Small Business Mistakes
Throughout our years of consulting with small business owners and self employed people, we have seen mistakes being made and heard myths and misconceptions about small business management presented as gospel truth. And yes, we made our share of business mistakes along the way. There is an old saying that admonishes us to learn from our mistakes. This is certainly good advice. But wouldn't it be better still if we could learn from the mistakes of others before we make them ourselves? To some degree, we can.
Not Keeping Adequate
Records
Pricing Wrong When Selling Your
Business
Indeed there are enough small business mistakes to fill an entire book; we know this because one of us wrote that book (How to Avoid 101 Small Business Mistakes Myths, and Misconceptions). This website outlines some of the most common business mistakes that we've seen and myths held out as small business truths.
Other Business Mistakes and Misconcetions
- Failure to Prepare a Business Plan
- Myth-- A New Business Must be Based upon Uniqueness
- Overspending
- Momentum
- Starting a Business for Reasons other than Market Demand
- Entering into Partnerships without Clearly Defined Roles
- Not Putting Partnership Agreements into Writing
- Organizing A Small Company as a Large Company
- Misconception-- A Product Can Be So Good, It will Sell Itself
- Not Understanding Your Product's Benefits
- Believing That Experts Have Magic Answers
- Not Pricing Based on Benefits to Buyer
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