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5 most common startup mistakes

By Steve Cooper

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.

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