Here is excerpt from my favorite website www.yourownbusiness.com
Avoid the following when starting your own business:
-Haste
-Lack of focus; specialize, specialize, specialize
-Lack of on-the-job experience
-Inadequate research and testing; test market first
-Lack of well thought out business plan
-Lack of working capital
-Unprofessional decor, theme, logo, stationary, attire, packaging, ads, and website
-Not opening quickly to work out shortcomings
-Poor signs: signs should be big, clear, and readable-simple is good
-untrained staff
-poor relationship with vendors
-unfocused market plan
-not using the advertising media that works best for your specific business
-skimping on insurance
-ignoring possible problems
-not recoginizing your limitations
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