10 Avoidable Small Business Mistakes
This article from BusinessKnowledgeSource nominates these as the most common reasons for small business failures:
1. Undercharging
2. Concentrating Exclusively on Sales
3. Extending Credit Too Easily
4. Not thinking about taxes until after the tax year is over
5. Not having a plan of attack
6. Not hiring and keeping good employees
7. Not providing outstanding customer service
8. Overdependence economically on a small group of customers
9. Allowing emotions to interfere with sound business decisions
10. Failing to develop as leaders and managers
