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Biggest Mistakes Made By Owners For Our Small Business

Common Mistakes ForSmall Business

Entrepreneurial ventures are fraught with missteps, mishaps, and mistakes.

Trying to Get Rich

QuickOvernight success usually takes 15 to

20 years to achieve. If you go in expecting to be rich overnight, you

may become discouraged early

on and give up your dream

prematurely.

Assuming You Have No Competition

Even if you have the latest, greatest, never-been-done-before approach to something, don't assume

that you have no competition.

Being a Weak Leader

The success of your company is contingent on you being a strong, effective leader.

Being All Business

Many entrepreneurs put their personal lives on hold to focus exclusively on their businesses. Ultimately,

both suffer.

Setting Unrealistic Financial Goals

All business plans come true, being a billionaire would be nothing extraordinary. Many entrepreneurs planning to move into new

enterprises astronomical returns.

Cutting Prices

Often, the first thing entrepreneurs resort to when business is tough is to try differentiating on price.

Having No Clear Marketing Strategy

You never know where, when, or how a new prospect is going to hear of your business.

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