Starting a business is exciting—but it’s also full of pitfalls that can cost time, money, and energy. At Linda Abramov Business Solutions, we’ve helped hundreds of entrepreneurs navigate their journey with confidence. Here are five common mistakes new business owners make—and how you can avoid them.
- Skipping a Business Plan
A strong foundation starts with a well-crafted business plan. Without it, you’re building on shaky ground. At LABS, we help you create a roadmap that includes market research, financial projections, and your operational structure. - Ignoring Legal Structure
Should you be an LLC, S-Corp, or sole proprietor? Many new owners guess—and pay for it later. We provide tailored guidance to protect your assets and optimize tax benefits. - Underpricing Services
Undervaluing your time and skills is a common rookie mistake. Our team helps you develop pricing strategies that reflect your worth and sustain long-term profitability. - Wearing Too Many Hats
As a founder, you’re likely juggling everything—but that leads to burnout. We offer done-for-you services so you can focus on your zone of genius. - Not Tracking Finances Properly
Without financial clarity, you’re flying blind. LABS can set you up with the right tools and bookkeeping systems to keep your business financially healthy.
Need help launching or scaling your business the right way?
Let’s schedule a consultation and create a path to success—together.