5 Mistakes That Will Kill Your Business
The experience of bringing a business idea to life, and ensuring its longevity, is full of learning curves. Some slip-ups are par for the course, trial-and-error, and can be happy accidents in the end. Others, however, can be fatal in the life of a business.
Without reason, it’s these fatal mistakes that can be most common among new entrepreneurs. To ‘err is human but why not learn from others and avoid these five mistakes that are sure to kill your business.
Mistake 1 – The handshake deal
In any business, making sales or completing deals is difficult. Sometimes out of urgency or fear of the other party changing their mind, we don’t take the time or effort to formalize the deal in writing.