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Common mistakes new solopreneurs make, and how to avoid them

Summary by KIFI

By Ed Grasso for Simply Business Setting up your own business is exciting because it gives you greater control over your time, where you work, and the people you choose to work with. However, like most good things, it also has a drawback. Around 20% of new businesses fail within their first year, yet most fail because of mistakes that could have been prevented with the right measures in place from the start. Here are some tips from Simply Busine…

10 Articles

10 Articles

Santa New Mexican

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Common mistakes new solopreneurs make, and how to avoid them

Simply Business reports that 20% of new solopreneurs fail in their first year due to avoidable mistakes.

3 days ago·Santa Fe, United States

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Santa New Mexican broke the news in Santa Fe, United States 3 days ago on Thursday, October 29, 2026.

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