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!
People overestimating sales/revenues, and underestimating expenses on the business plan, and not having a built in cushion for cost overruns, and slow months,
Or not having a business plan.