The Top 10 Rookie Mistakes for Entrepreneurs

Jay Goltz published The Top 10 Rookie Mistakes for Entrepreneurs. The article lists the mistakes often made and gives the reasoning behind why it’s on the list. I can’t say I agree with all of them wholeheartedly, but they are definitely worth reading and considering.

  1. Keeping your rent as low as possible
  2. Hiring someone you know and trust
  3. Buying used equipment to keep expenses down
  4. Keeping your prices “reasonable”
  5. Saving money on professional advice
  6. Considering borrowed money a last resort
  7. Picking a bank that knows you and that you have a relationship with
  8. Thinking you have your advertising figured out
  9. Treating your employees fairly
  10. Falling blindly in love with your product or service