30 Sep '14, 2am

Top 10 Entrepreneurial Mistakes - In Her Shoes

What are the common mistakes that new entrepreneurs make and how can you avoid making them yourself? Here is youngentrepreneur.com’s top 10 list of mistakes people make when starting a business: 1) Not enough money. The most common reason why new businesses shut down is that the owner runs out of money. Cash flow is critical to a startup business. You could be profitable and still have to close your doors because your customers are taking too long to pay you. Cash is king in a startup venture and you need to prepare for it. One option is to make sure you have enough startup capital from your own investments or outsiders (bank loan, private investors, etc). A second option is to ease into the business so that you start doing it on a part-time basis until you know that it will make enough money to support you. 2) Not thinking survival. Starting a business is all about surviv...

Full article: http://www.inhershoesblog.com/top-10-entrepreneurial-mist...

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