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Showing posts from April 17, 2016

4 Common Mistakes Made by Small Business Start-ups by Tammy Lewis

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Lack of Capital and Resources: Way too often small businesses fail before they have a starting chance due to of lack of resources.  Before starting a business, you should always create a budget.  This should be included in your business plan.  Not everyone will have enough money in their savings to support their business start-up; however, you may try to obtain a business loan with your local bank or credit union.  The Small Business Administration also offers small business loans with low interest rates + prime (www.sba.gov). Lack of Knowledge: Just because you think a certain industry is glamorous doesn’t mean you have what it takes to be successful in that industry.  I think that being an actress is way past “glam” but I know that I don’t have the knowledge nor the skill set to make it in that type of industry.  You don’t have to have an education, but you do have to be educated about your industry.  Do your research by reading related books, taking a couple