Mistakes Entrepreneurs Should Avoid
"This is a list of what I consider are the top 14 stumbling blocks for new businesses...
1. Bad initial concept...
2. Inadequate planning...
3. Failure to do proper research...
4. Insufficient capital...
5. Poor cash management...
6. Lack of business domain specific knowledge...
7. Chasing any potential sale...
8. Late billing and collections...
9. Lack of focus...
10. Lack of internal control systems...
11. Hiring the wrong people...
12. Reliance on few suppliers or customers...
13. Not having enough perseverance and resilience...
14. Insufficient performance metrics..."
Read more in this post from Dave Cheong.
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