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Like many new young entrepreneurs, three years ago I thought I was pretty hot stuff. I had a few employees, raised some angel money… and then proceeded to make huge mistake after huge mistake.
Of all my business blunders, these 7 are the ones that still make me gnash my teeth.
Every year thousands of people leap into entrepreneurship. I was one of those people. Six years ago I decided to start a small business. I set up an online shop through eBay. I figured this would be cheaper than renting a brick and mortar location. And plus my customer base would not be limited to the folks in my area.
I called my store Orange Blossoms. My product line consisted of designer perfumes and colognes. I figured I would keep it basic to start. But eventually, I added more items like perfumed soap and shimmery, scented powders. Sales orders began coming in faster than inventory. I was actually turning a decent profit. Sounds good, right?
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