Avoid the 10 Traps That Countless Startups Fall into Every Year You might be doing this wrong.

Countless startups fail every year. But there are not countless reasons that they fail. "I'm talking to entrepreneurs three or four times a week, and they're all coming to me with the exact same issues," says Tarek Kamil, a serial entrepreneur with five launches under his belt (most recently, as founder and CEO of the communications platform Cerkl). "People are falling into the same traps over and over. If they could just avoid those common mistakes, the chances of their company being successful would significantly increase."

Related: Why Entrepreneurs Who Complain Are Setting Themselves Up to Fail

He's not the only one who thinks so. Mentors, VCs and serial entrepreneurs all say they routinely see new business owners fall prey to a common set of mistakes. So what are they? You should know.