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Mistakes You Must Avoid When Starting a Business

What NOT to do when starting your business

I’m a third-generation business owner, and I’ve successfully led a profitable business for six years. In honor of Black Business month, I’m sharing the advice that’s helped me navigate running a company, parenting, and enjoying my life. I’ve learned from experience, and my lessons reflect the best advice I’ve received on my journey. If you have ever considered having a business, bookmark this article please.

Starting your own business can be the most rewarding experience in your life. Over the last six years, I’ve become an advocate for entrepreneurship because I’ve experienced freedom and fear firsthand.

I’ve made mistakes. Some mistakes were bigger than others, but I survived them all. Business is not for the faint of heart. If you don’t like risk, being a business owner may not be right for you. But if you have a vision that’s too big for a day job, consider starting your own business.

Five mistakes to avoid to be successful in business

  1. Not knowing why you are in business. Get real clear about WHY you want to be a business owner. You can definitely have a lifestyle business that centers around your schedule more than your financial goals. You can have a hobby too. But a business owner must do the work on time, whether they feel like it or not.

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