Common mistakes that start-ups make...

Well written stuff from thestreets.com, full story here:

1. Buying a job rather than a business.
2. Being a great plumber but having no idea how to run a business that sells plumbing.
3. Taking on a business partner.
4. Starting a business from scratch rather than buying an existing operation.
5. Thinking the business idea will make the company.
6. Thinking too small.
7. Competing on price and price alone.
8. Trying to cost-cut your way to success.9. Hiring cheap employees.
10. Focusing on only one area of your business.
12. Doing the work once and getting paid once.