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Small slip-ups can cost you greatly when starting a business.
- Starting a business can feel like a daunting task, especially the first time around.
- There are a multitude of challenges to starting a business, and slip-ups like overworking and not tracking your financials can cost you greatly.
- Author Laura McCamy is a two-time entrepreneur who made costly mistakes with her first company that she made sure to avoid with her second company.
I've run my own small businesses for most of my adult life. First, I was an artist and craftsperson (making jewelry, clocks, and, ultimately, my own line of printed clothing) for more than 20 years.
After I closed that business, I started a second enterprise as a freelance writer in 2013. The start of my two businesses couldn't have been more different.
Though I am grateful for everything I learned from my first business, I definitely didn't want to do things the same way the second time around.
Here are the mistakes I made when I started my first company: