Common Small Business Pitfalls to Avoid - I Sold My Business Blog | Competitive Edge | Scoop.it

According to Business Insider, there were approximately 543,000 new businesses that opened each month in 2013. With such a high number, we can presume there are thousands of people who dream about owning their business. However, 3 out of 10 businesses that opened closed within 2 years. This could mean that many business owners weren’t

able to enjoy their businesses for a long time.

There are a lot of perks that come with being your own boss. Among them are taking full control of your life and having more flexibility, but it also comes with responsibility. Following are few listed things to avoid before setting up a business to evade bankruptcy.

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