SORSOGON UNITED

When we unite, We make our life better

TOP TEN MISTAKES MADE IN STARTING A BUSINESS

People fail in business because they make avoidable mistakes. Start-up entrepreneurs are possessed with enthusiasm and confidence but too often are unaware of potentially fatal business potholes that lie before them. All it takes is a single mistake, one false step, and a business can be history. Here are the top most commonly made mistakes:

  1. Not picking the right business to begin with.
  2. Inadequate prior experience in the business.
  3. Quitting job security too soon, before adequate plans are laid
  4. Not having a progressively updated written business plan.
  5. Inadequate cash flow management (running out of money.)
  6. Opening a business in the wrong location.
  7. Inadequate protection in business documents including leases.
  8. Failed partnerships.
  9. Lack of selling and marketing know-how.
  10. Expanding too rapidly before adequate testing.

Via: http://www.myownbusiness.org/business_mistakes.html

Filed under: Business, Financial Literacy,

One Response - Comments are closed.

  1. It’s Nice Post, keep posting and have a nice day… 14:26

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 909 other followers

SHARE THIS BLOG!

Bookmark and Share

RSS DAILY INSPIRATIONAL QOUTES

  • An error has occurred; the feed is probably down. Try again later.

RSS OUR DAILY BREAD

  • Rich Toward God
    Growing up during the Great Depression, my parents knew deep hardship as children. As a result, they were thrifty adults—hard-working and grateful money stewards. At the same time, they were never greedy. They gave time, talent, and treasury to their church, charity groups, and the needy. Indeed, they handled their money wisely and gave cheerfully. As believ […]

RSS Daily Verse

  • Proverbs 12:19
    Truthful lips endure forever, but a lying tongue is but for a moment.

Archives

Categories

UPCOMING EVENTS

RSS THIS DAY IN HISTORY

  • Legal Tender Act passed to help finance the Civil War
    On February 25, 1862, the U.S. Congress passes the Legal Tender Act, authorizing the use of paper notes to pay the government’s bills. This ended the long-standing policy of using only gold or silver in transactions, and it allowed the government to finance the enormously costly Civil War long ...

RSS PIA-SORSOGON

  • Bicol Tourism Summit promises brighter prospects for the region December 9, 2016
    By Ana-Liza S. MacatangayNAGA CITY, Dec. 9 (PIA) --- “This summit will certainly shed new light on the potential and new tourism products and services, as well as guide stakeholders from the government and private sector for a sustainable and responsible tourism development.”Thus stated Naga City Mayor John Bongat on the brighter prospects that await every B […]
    Philippine Information Agency Regional Office V
  • Bicolanos elated over Pres. Duterte’s visit in Albay December 9, 2016
    LEGAZPI CITY, Dec 9 (PIA) – Bicolanos expressed their elation and eagerness over President Rodrigo Roa Duterte’s visit in the province of Albay to lead groundbreaking of the Bicol International Airport (BIA) in barangay Alobo, Daraga Albay and to grace the 7th year anniversary of the Federalismo Alyansa ng Bicol (FAB) at the Legazpi City Convention Center.Th […]
    Philippine Information Agency Regional Office V
  • Children’s month celebration in Bicol highlights valuable role of children in society December 1, 2016
    LEGAZPI CITY, Dec 1 (PIA) – The Regional Council for the Welfare of Children and the Department of Social Welfare and Development (DSWD) Bicol led this year’s children’s month celebration in the region themed ““Isulong, Kalidad na Edukasyon Para sa Lahat ng Bata.”“The Children’s Month Celebration is a time to recognize the value of Filipino Children as the m […]
    Philippine Information Agency Regional Office V
  • A-PAD holds disaster-resiliency confab for MSMEs in Bicol December 1, 2016
    By Ana-Liza S. MacatangayNAGA CITY, Dec.1 (PIA) -- A community of entrepreneurs from the Micro, Small and Medium Enterprises (MSMEs), gathered together at the Villa Caceres Hotel here for the 3-day Business Community Planning (BCP) and Disaster Risk Reduction and Management (DRRM) training seminar primarily to mainstream business community and resiliency of […]
    Philippine Information Agency Regional Office V
  • Cebu Pacific now has daily flight in Catanduanes November 30, 2016
    VIRAC, Catanduanes, Nov. 30 (PIA)- Cebu Pacific announced that there will now be daily flights to and from Virac beginning December 18, 2016 until March 2017.According to Roberto L. Jackson, Cebu Pacific station officer in Catanduanes, instead of 4x weekly Airbus Manila-Virac-Manila flight, there will now be an 11x weekly ATR operations.He likewise bared tha […]
    Philippine Information Agency Regional Office V
  • BNC, JJWC, DSWD hold youth meet vs. lowered MACR November 29, 2016
    LEGAZPI CITY, Nov. 29 (PIA) – To culminate the celebration of this year’s National Children’s Month, the Bicol Network for Children (BNC), in cooperation with the Juvenile Justice and Welfare Council (JJWC) and Department of Social Welfare and Development (DSWD) of the Bicol region held the #KalingaHindiKulungan Bicol Youth Meet at Legazpi City.The main purp […]
    Philippine Information Agency Regional Office V
  • Bicol’s “orange Cagsawa” showcases campaign to end violence vs. women November 29, 2016
    By Sally Atento-AlteaLEGAZPI CITY., Nov 29 (PIA) -- It may not seem a good start as heavy rain poured on but it didn’t stop the Bicolanos from joining the call to support the advocacy to end violence against women (VAW) through the "Orange Your Icon for 18 days" campaign launched November 25 in the Bicol region at Cagsawa Park in Albay.Despite the […]
    Philippine Information Agency Regional Office V
  • CamSur guv strengthens fight against drugs through CASUROG Program November 28, 2016
    By Ana-Liza S. MacatangayPILI, CAMARINES SUR, Nov. 28 (PIA) --- Various efforts to curb the ill-effects of illegal drugs have already been implemented by the provincial government of Camarines Sur in response to the directives of President Rodrigo Roa Duterte immediately following his assumption of office in June 30.Governor Miguel “Migz” Villafuerte recapit […]
    Philippine Information Agency Regional Office V
  • DILG’s MASA MASID regional launch in Bicol November 28, 2016
    By Ana-Liza S. MacatangayNAGA CITY, Nov. 28 (PIA) -- With the war on drugs now in full swing across the country, the Department of Interior and Local Government (DILG) inched another step forward to ensure that the campaign will be relentlessly pursued with the help of more stakeholders and volunteers.DILG BIcol has  spearheaded the regional launch of “Mamam […]
    Philippine Information Agency Regional Office V
  • Police, military operatives discover ‘shabu lab’ in Catanduanes November 28, 2016
    VIRAC, Catanduanes, Nov. 28 (PIA) -- Bicol regional director PCSupt. Melvin Ramon G. Buenafe of the Philippine National Police (PNP) has confirmed yesterday, Nov. 27, the discovery of a clandestine shabu laboratory at Barangay Palta Small in this municipality.According to PCSupt. Buenafe, said laboratory was secured in a joint operation of Catanduanes Police […]
    Philippine Information Agency Regional Office V

FIND OUT MORE! EXPLORE THE BEAUTY OF SORSOGON!!

 

Calendar

eRADIO-SORSOGON

pbndzmssorsogon.blogspot.com  

RSS THIS DAY IN HISTORY

  • Legal Tender Act passed to help finance the Civil War
    On February 25, 1862, the U.S. Congress passes the Legal Tender Act, authorizing the use of paper notes to pay the government’s bills. This ended the long-standing policy of using only gold or silver in transactions, and it allowed the government to finance the enormously costly Civil War long ...
  • First African American congressman sworn in
    Hiram Rhodes Revels, a Republican from Natchez, Mississippi, is sworn into the U.S. Senate, becoming the first African American ever to sit in Congress. During the Civil War, Revels, a college-educated minister, helped form African American army regiments for the Union cause, started a school for ...

PESO EXCHANGE RATES TODAY

OFW-ONLINE SERVICES

poea.gov.ph
 

ARE YOU LOOKING for a JOB?

jobsdb.com
 
jobsdb.com
 
jobstreet.com

nrco.dole.gov.ph   poea.gov.ph         phil-job.net  

   
    sorsogonunited.wordpress.com    
sorsogonunited.wordpress.com   sorsogonunited.wordpress.com
   

Proud to be pinoy

Bicol Blog Community

SORSOGONUNITED VISITORS

  • 200,141 Hits

FROM AROUND THE GLOBE

Free counters!

SORSOGONUNITED FRIENDS

del.icio.us

Top Rated

%d bloggers like this: