{"id":42934,"date":"2023-10-20T15:24:52","date_gmt":"2023-10-20T15:24:52","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/top-10-fatal-start-up-mistakes-startupsmart\/"},"modified":"2023-10-20T15:24:52","modified_gmt":"2023-10-20T15:24:52","slug":"top-10-fatal-start-up-mistakes-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/top-10-fatal-start-up-mistakes-startupsmart\/","title":{"rendered":"Top 10 fatal start-up mistakes – StartupSmart"},"content":{"rendered":"
This article first appeared June 22, 2012.<\/em><\/p>\n <\/p>\n With warnings of a second global financial crisis and consumers at home who refuse to part with their cash, it may seem like hard times are ahead for Australian small businesses.<\/p>\n <\/span><\/p>\n <\/p>\n Sadly, it appears that SMEs haven\u2019t exactly had much respite since the first GFC. Recent figures released by accountancy firm Taylor Woodings show that company collapses are up 13.6% on the same point last year.<\/p>\n <\/p>\n These figures, and latest turmoil in Europe, shouldn\u2019t cause start-ups to panic \u2013 indeed, there are very positive factors such as the relative strength of the Australian economy and the ease of starting up \u2013 but it is perhaps more important than ever to avoid making potentially business-wrecking mistakes.<\/p>\n <\/p>\n We\u2019ve spoken to the experts to compile the 10 mistakes your business can\u2019t afford to make in the current climate. Don\u2019t say we didn\u2019t warn you.<\/p>\n <\/p>\n Click through the tabs below for each top tip:<\/p>\n <\/p>\n <\/p>\n <\/p>\n<\/p>\n <\/p>\n You don\u2019t have to be a rocket scientist, or even a rocket-selling entrepreneur, to realise that the rise in insolvencies is partially linked to the growing problem of late payment.<\/p>\n <\/p>\n1. Late payment complacency<\/h2>\n