It's an error in judgment to bounce into starting a small business before you cash in on building a strong foundation.

As a small business owner myself, I talk to so many other business owners who delay seasonal hiring by waiting until the last minute to make their temporary hires.

It is surprising how little most small business values the customers. A positive feedback from the customer is critical to your business, and what's more important is their referral.

Cash flow is a problem for a small and developing company, and the lack of it is the reason why many small businesses fail. Ensure that you have enough money in your bank account to make you able to carry out daily basic needs for your business.

Starting a new business will take its toll on your time and energy, and this can place strain on family and social relationships, depending on their expectations and how open you are in your communication with them.

As any small business owner knows, starting a business is not glamorous work.