Starting a new business can be both an exciting and daunting experience. You may have the perfect idea, the necessary skills, and the passion to bring your vision to life; however, there are common mistakes that many entrepreneurs make along the way that can derail their success. In this blog, we will discuss some of these common mistakes to avoid when starting a new business. Choosing the Wrong Business Model Choosing the right business model is one of the most important decisions you'll make as an entrepreneur. Picking a profitable model not only secures future revenues but also ensures long-term scalability and growth potential. However, it's essential not to fall in love with your idea before testing its viability - through conducting market research or analyzing competitors' strengths/weaknesses. For instance - suppose you want to start investment advisory services due to being fascinated by stock market crashes and high profits. But investing doesn