- Signing a lease before receiving funding because "someone else was going to take it."
- Not understanding the "5 C's" of credit.
- Stocking up on inventory because it was a "good deal."
- Choosing your business name because you "love it."
- Paying "employees" on a 1099.
Over and over again, I have seen entrepreneurs make one or more of these common mistakes. Often, once they realize their mistake, the damage is already done. Why do entrepreneurs continue to make these same mistakes? Typically, it is because they have a great idea for a business and want to start right away!
Careful planning prior to starting your business can help you avoid these mistakes AND save your money! Developing a strong business plan and financial projections can seem overwhelming. We can help! #UGASBDC #StartSMART program will walk you through all the steps required to develop a solid business plan and financial projections, along with the resources to do it.
Register Today, there are only a few spaces left! Program starts Tuesday, April 27th!
No comments:
Post a Comment