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
7. Raising too little capital
8. Raising too much capital
9. Not having a business plan
10. 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: office@glcedc.org or by phone: 815-842-2900.