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10 common business mistakes to avoid from self-made millionaires - Business Insider

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I studied 177 self-made millionaires for 5 years, and I learned that these are 10 common business mistakes to avoid (via richhabits)

I consider the information they shared with me about their daily habits revolutionary and invaluable. Interestingly, many of the mistakes they made in growing their business were critical to their future success.

These mistakes offer a learning experience that can never be reproduced in a classroom. Mistakes are the real-life business MBA. Below are some of the common business mistakes the self-made millionaires in my study made and, hopefully, you won't:High quality products or services are the cornerstone of every successful business. Quality keeps customers/clients coming back. Businesses that produce poor quality are perpetually in search of new customers/clients. New customer/client acquisition is a far more expensive proposition than keeping the old ones satisfied and coming back.

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