Entrepreneurs: Avoid These Six Costly Blunders When Starting a Business

Don't be among the 20% that fail in their first year.

Going Out Of Business Sign
(Image credit: Future)

New business launches are soaring despite the tough economic backdrop, but how many will succeed? Around 20% of businesses fail during their first year – and 60% disappear within three years of launch. Those percentages may be even higher in future owing to high inflation and recessionary pressures

Business advisers point to several common mistakes to avoid when starting a business. Avoid those errors from the start, you have a better chance of success.

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Kiplinger Staff