Entrepreneurs are innovative, driven, and passionate about carrying a product or idea to the market. However, they oftentimes have little business background, and can often suffer the pitfalls of entering the world of capitalism unprepared.
Jay Goltz of the New York Times has written an article to help entrepreneurs evade these common pitfalls and keep “wanna-preneurs” from overwhelming themselves.
His points include picking a proper bank, keeping family out of the business, and not falling blindly in love (with your product).
Read the full article.
What’s another common rookie mistake? Leave a comment below.
Photo from Flickr by: Neil T