7 Business Mistakes You Must Avoid



Many mistakes can be made in business and if you are able to avoid some of them by reading and taking note of some of the warnings, then the time taken to put these warnings together will be worth while.

Here are some warnings on business mistakes you should avoid because they are common to many entrepreneurs.

1. No plan.
Many people go into business without any plan at all. The old saying that “if you don’t have a plan you won’t know when you’ve got there” still holds true today. You need to set up a business plan and that plan will contain other subsidiary plans such as a marketing plan, a finance plan, a sales plan, etc.


2. Be flexible.
If you have a business idea and you are looking at developing that into your business, then be prepared to change and be flexible. Sometimes the original idea needs some fine-tuning before it becomes commercially viable and profitable for you. By all means stay with your dreams, vision and ideas, but be flexible and allow yourself the luxury of discussing those ideas with professional advisers, as well as those...

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