Here are a few potholes to avoid on your way to success. Promoted too soon - Good employees are always going to ask for more responsibility and that's a good thing. But sometimes that over zealous attitude can mask the fact that they may not be ready to tackle some jobs or positions. Phase people into jobs slowly and let them adjust to the new position and for the other employees to adjust to them. Underestimating the money - Many new businesses just flat fail to realistically estimate how much the business is going to cost.
Good accountants are worth their weight in gold.
Consult with one before going into business. They can point out many necessary things you might have missed. Location - Years ago many people thought this was the principle reason for business failure. However it's now been reduced to a contributing factor. With the advertising options available today there is no reason customers shouldn't find you.