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Don't Go There

Error-proof your business, little loans

By
This story appears in the July 1999 issue of Business Start-Ups magazine.

How important is money to the success of your business? Very. "Often it's not the lack of a business plan, lack of foresight or lack of competent management that leads to failure. Rather, it's a lack of capital--even in businesses that are thriving," says Larry London, managing director of Entrepreneurs Re$ource Group in Dunedin, Florida. "In fact, a survey of successful business owners [conducted last November by Geneva Business Bank] concluded that the largest potential trouble spot is when a company is experiencing rapid growth."

London says the eight most common mistakes made by entrepreneurs are:

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