Launching a small business can be risky and success is not always guaranteed. Businesses are most vulnerable to failure during the early years of trading, however, with hard work and an awareness of the issues, a new business can be a great success.
This guide highlights the most common mistakes that new business owners make and provides guidance on how to avoid them. This includes;
- poor or inadequate market research
- weak financial planning
- unrealistic goals
- taking your eye off the competition
- poor stock control
- hiring the wrong people
Free business start-up support
Access free start-up business support from your local council. They will organise one-to-one mentoring sessions with your local business adviser and provide tailored guidance to develop your business plan.
Complete a short enquiry form or call 0800 027 0639 to register for this free advice and guidance.
What's the big idea?
Make your plan