Lack of capital for the initial investment, including working capital. Unawareness of the market in which it will act. Ignorance of the legal and tax responsibilities inherent in the business. Lack of, or scarce, technical knowledge. Inaccurate analysis about the place of installation and commercialization. Little or no marketing planning. Financial unrest The mix of personal accounts with those of the company.
These are the mistakes that most of the businesses do at the time of starting a business. All businesses should have to avoid such mistakes to run a successful business. Using monitoring software to track & monitor every single activity for successful business growth is another solution.
