These Fifteen common mistakes are regarded as responsible for the collapse of the majority of new businesses within the first two years of trading.

1. Lack of capital
2. Credit or cashflow problems
3. Lack of planning
4. Choosing the wrong employees
5. Start-up cost too high
6. Stock mismanagement
7. Over-optimism about market size
8. Excessive withdrawal
9. No product or market strategy             
10. Unplanned expansion
11. Lack of expertise and experience
12. Bad pricing
13. Wrong location
14. Poor customer care
15. No Website and No Social Media Presence