First Time Business Owner Mistakes

Hello everyone, my name is Richard and welcome back to my business and industry blog. I wanted to talk to you about owning a business today, whether it be your own business of a franchise or whatever you do. There are so many things that you need to do in right a business, and so many things that can go terribly wrong. You need to do your networking, advertising, sales, and everything else just right or your business will fail. You also have to stay on top of things, such as your finances. I try and buy used things for all of my startups, one of my favourite sites is, they have quality used goods at quality prices. Here are some tips to follow if you are a first time business owner.

business mistakes

File your Paperwork

Business is about paperwork, not matter what kind of (legal)business it is. You need to make sure that your paperwork is accessible to you at all times and that it is easy to go through. BAsically, you need to have it in a filing cabinet. If you don’t already have a filing cabinet but you do have a business, buy at least one of these cheap used filing cabinets( before proceeding. Make sure that you put it in a place that is easy to use, and somewhere that will not end up with things piled in front of it rendering the whole purchase useless. If you are looking for organization ideas, consider taking a look at some of the tips available on

Filing Cabinet

Keep Valuables Safe

I am not talking about the stacks of cash you will be making or the jewelry you buy for your partner(although those should be kept safe). I mean all of the things that you and your business need to run. Business license, rental agreement/land title, tax documents and so on. You want to keep all of these in a safe, preferably one that is fireproof and waterproof. I actually just got a safe for my house that was for sale on for real cheap. The safe is small enough to fit in a lot of hiding spots and heavy enough so that it can’t just get carried out.

fireproof safe

Thought and Idea?

These are the two biggest mistakes I see people physically doing when starting their own business, do you readers have anything to add to the list? Let me know in the comments section below and like always, make sure that you have us added to your bookmarks so you can get all the latest business and industry news. If you are still looking for a good read, you might find yourself interested in one of our shorter posts, like the one on Brexit. Enjoy your week everyone.