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AngelBiz 9th January 2020 08:39 AM

6 Common Mistakes Small Business Owners Frequently Make
To say that small and medium enterprises (SMEs) are the backbone of the country’s economy is an understatement. In the U.S, there are over 30 million small businesses, with half a million more coming up every month. These businesses employ over 57 million people highlighting their influential role in the economy.

However, things are not so rosy for most SMEs startups. It is tough to set up a small business in the current, highly competitive business environment. A large number of small businesses fail with records showing only 50% of SMEs survive past five years.

If you want to set up a business, it is important to learn from those who came before you. Learning from their mistakes will set you up for success. Here are some common pitfalls you should avoid.

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chrismarklee 10th January 2020 10:54 PM

I focus on quantity instead of quality. I have learned quality in all aspects of life is the way to go

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