An excerpt from The Huffington Post
Locksmiths who want to branch out to start your own business, this article is for you!
5 Mistakes to Avoid When Starting Your Own Business
Launching a business in midlife can be fulfilling and lucrative, but too many first-time entrepreneurs make big mistakes in the process. It’s no wonder that 80 percent of new companies fail in the first three years.
After studying successful businesses and ones that have flopped, I’ve discovered there are five common errors made by start-up founders; I call them rabbit holes. If you’re thinking about launching a company, you’ll want to avoid them:
Mistake No. 1: Not having a why that’s bigger than your but.
Mistake No. 2: Assuming banks will lend you money.
Mistake No. 3: Assuming customers will automatically find you — and buy.
Mistake No. 4: Starting a business without a clear exit strategy.
Mistake No. 5: Not getting buy-in up front from your family, spouse or partner.
To read more, visit The Huffington Post