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Wednesday, November 08, 2006

10 Mistakes Small Business Owners Need To Avoid

Daniel, over at Small-Biz Xpress, offers his 10 Mistakes Small Business Owners Need To Avoid

Here's a list of ten of the more common errors small business owners usually make:

  1. They undercharge
  2. They concentrate exclusively on sales
  3. They extend credit too easily
  4. They think about taxes after the year is over
  5. They don't have a plan of attack
  6. They don't know how to hire and keep good employees
  7. They don't provide outstanding customer service
  8. They are economically dependent on a small group of customers
  9. They let emotions get in the way of sound business decisions
  10. They fail to develop as leaders and managers

BOTTOMLINE: Take a look at #2, 5, 6, 7, 9, and 10. Each is a strategy or execution issue.

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