Whether you’ve been in business for a minute or are still in the first few years, this episode is for YOU. Starting a new business is EXCITING, but even though I look back on my new business owner self with so much love and gratitude, I know the learning curve as you start your own business can be intense! Today, I’m going to share 6 crushing mistakes entrepreneurs make early on in their business AND how you can avoid them. 

 

Not brand new in business? I highly recommend you tune into this episode because you may be making some of these mistakes too. They are definitely not exclusive to the first year in business! Especially since the latest stats show that after five years, 49.7% of businesses have failed but after 10 years, 65.5% of businesses have failed! So as someone who will be passing the official 7 years of business mark this month, I just want to say: I GET HOW THIS HAPPENS. There is no “safe mark” in the journey to entrepreneurship, but as you know, I’m here to help you every step of the way!

 

If you are new to the podcast, we have over 200 episodes for you to dive into! Are you a brand and/or website designer? Make sure to check out Booked Out Designer too!

 

Links mentioned in this episode:

• Get the full show notes: https://elizabethmccravy.com/205  

• Join us inside Booked Out Designer: https://elizabethmccravy.com/bod 

• Get the free client booking guide for designers: https://elizabethmccravy.com/asap

• Get 30% off of Dubsado: https://elizabethmccravy.com/dubsado 

• Get a free trial of ClickUp: https://elizabethmccravy.com/clickup 

• Capital One Spark Cash Back Card: https://elizabethmccravy.com/capitalone 

• Episode #196 - Why It's a Good Thing If Your Business is a Side Hustle: https://elizabethmccravy.com/196 

• Connect with Elizabeth on Instagram: https://www.instagram.com/elizabethmccravy/  

Thanks to our sponsor, Christian Healthcare Ministries! CHM is a faith-based, budget-friendly alternative to health insurance— at half the cost. And, you can join anytime! My family has trusted CHM for 5+ years through multiple pregnancies and health needs. With CHM, you’ll save money and know that 100% of eligible bills are shared when medical needs arise. Learn more at elizabethmccravy.com/CHM

Over my 9 years of business, I have learned some financial skills the hard way and a few years ago, I developed an an 8 step process I go through at the end of each month. This process helps me know how my business is doing financially, pay myself well and allocate money for things like taxes and expenses. And, it's yours for FREE at https://elizabethmccravy.com/profit