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Having started, and run many SME businesses in the last 20 years and more recently two IT companies, I have learnt a lot of lessons and wanted to share them with you. Growing a business and making it a success is what is most important for small businesses in such a competitive market. Regardless of whether you are running your business with a team or on your own the same rules apply. You don’t have to be the next Google to be successful, you just need to know what works and what doesn’t.
It is important to not be afraid to make mistakes when it comes to business as taking risks are part of the game yet there are so many traps that small businesses seem to always fall into.
There are 100’s of mistakes businesses make every second worldwide however there are some which are more costly than others and also very easy to avoid. After extensive research, here are the 10 biggest mistakes SME’s make.