Opinions expressed by Entrepreneur contributors are their own.
Starting your own business is tough. In fact, only 39.5 percentof new businesses remain open after six years, according to theSBA's Office of Advocacy. Gene Fairbrother, lead small-businessconsultant for the National Association for the Self Employed andpresident of MBA Consulting Inc., reveals the five most commonstart-up mistakes:
1. Failing to set up strong and established financialroutines. Entrepreneurs often don't know where their money iscoming from or where it's going.
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve
