Friday, April 15, 2005

How to avoid common start-up mistakes

Entrepreneur magazine has an interesting article up right now, detailing the 17 most common mistakes new small-business owners make, along with some advice on how to avoid them yourself. It basically boils down to a series of simple yet crucial errors that you see mentioned in business books time and time again - overestimating revenue, underestimating costs, hiring friends who aren't qualified for their positions, etc. - although it certainly is nice to have them all contained in one article, instead of having to search through two dozen books for them. (Thanks to APF BizLinkBlog for pointing this out.)