The Worst 10 Mistakes When Starting a Business

If you want to start a business, read through the following list of business mistakes and take them to heart. Any one of them could sabotage your new business venture and turn it into a failure rather than a success.

These are the big mistakes to avoid when you're starting out:

1) Not doing a business plan.

If I had even just fifty cents for every time someone asked me “Is this a good business idea?” over the years, I’d be a wealthy woman.
The problem is, unless I write a business plan, I have no idea – and you won’t, either. That’s the main purpose of a business plan. There are other good reasons, too; see 5 Reasons for Writing a Business Plan to learn more.
Yes, it’s time-consuming and demands a lot of research, but investing time now will save you so much time and money later.