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7 Common Entrepreneurial Traps

When starting a business, the best offense is a good defense.

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Opinions expressed by Entrepreneur contributors are their own. This article was updated on January 19, 2021

Being an entrepreneur is actually quite dangerous. No, I'm not saying it’s at the level of danger first responders or medical workers on the front lines have to deal with, but hear me out: There are certain pitfalls and traps entrepreneurs can easily fall into that can ruin your health, your relationships, as well as your overall happiness.

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Since the best offense is a good defense, I’ve outlined the top seven traps or pitfalls I see entrepreneurs fall into (and a few I’ve fallen prey to myself), listed in descending order, as well as some knowledge that will equip you with what to do if you do fall into one of these traps mistakenly. 

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