Hi everyone! I’ve just filed my first LLC & am planning to open a vintage boutique in my city- I’m completely new to owning a legitimate business of my own. I thought this would be a great question to ask as I know I’ll be making many mistakes in my first year of business.

Please feel free to comment your favorite mistake!

  • webbersdb8academy@alien.topBEnglish
    1·
    1 year ago

    I’m in my 12th year now but I will ALWAYS remember this mistake!! Overvaluing my business partner and under valuing myself, splitting the company with him 50/50 when I was the person with the expertise and the money to put upfront. I was SO STUPID!! In our 5th year I caught him misappropriating our funds and kicked him out of the company. We are a much better company now and I don’t have to split 50/50.