Friday, September 10, 2010

10 Mistakes That Start-Up Entrepreneurs Make

The Wall Street Journal recently published their top 10 mistakes that start-up entrepreneurs make. Here is the list:

1. Going it alone
2. Asking too many people for advice
3. Spending too much money on product development, not enough on sales
4. Targeting too small a market
5. Entering a market with no distribution partner
6. Overpaying for customers
Raising too little capital
Raising too much capital
Not having a business plan
Over-thinking your business plan

For a full description of each mistake, please view the article here. If you are a small business owner or entrepreneur, don't forget that the GLCEDC and SCORE provide free business advising every
3rd Wednesday from 9am - noon at the GLCEDC office in Pontiac. To set up an appointment, please contact the GLCEDC office by email: or by phone: 815-842-2900.

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