15 Common Mistakes New Businesses Make Within Their First 2 Years

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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

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