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The 10 Biggest Mistakes Made by Small Business Owners

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Common Small Business Mistakes

Entrepreneurial ventures are fraught with missteps, mishaps, and mistakes. No matter how steeped you are in business-ownership experience, you are bound to run into problems at some point.

The key to your success is to quickly identify your mistakes, learn from them, and prevent the same mistakes from happening again, says Mike Michalowicz, small business expert and author of “The Toilet Paper Entrepreneur.”Most business owners fall into the same traps. It’s those mistakes which could make the difference between owning a successful and viable small business, or owning a money pit that could leave you in financial pain for years to come.

So, what are the biggest mistakes owners make when starting and managing their small businesses? Click ahead for the most common missteps.

By Mike Michalowicz
Author of “The Toilet Paper Entrepreneur”
Posted 2 November 2011