--- title: 5 Mistakes New Entrepreneurs Make When Starting Their Business description: So you've started your own business, congratulations! Now is a great time to learn from the mistakes of those who've come before you. In this helpful article, Bob Wang lays out five common mistakes and how you can avoid them.  Read the full article at Firm of the Future.... image: https://blog.tristancpa.com/hubfs/Imported_Blog_Media/slip-up-709045_1280.webp --- [Skip to content](https://blog.tristancpa.com/blog/2018/4/18/5-mistakes-new-entrepreneurs-make-when-starting-their-business#main) [![Tristan CPA](https://www.tristancpa.com/assets/logo-white.png)](https://www.tristancpa.com/) Services [Outsourced Accounting](https://www.tristancpa.com/services/outsourced-accounting) [Fractional Controller](https://www.tristancpa.com/services/fractional-controller) [Fractional CFO](https://www.tristancpa.com/services/fractional-cfo) [Tax & Advisory](https://www.tristancpa.com/services/tax-advisory) [Packages](https://www.tristancpa.com/#packages) [About](https://www.tristancpa.com/#about) [Blog](https://tristancpa.com/blog) Client login [**Tax Portal**Returns, documents & e-signatures](https://clients.tristancpa.com/) [**Bookkeeping Portal**Reports, requests & file uploads](https://keeper.tristancpa.com/) [Book a consultation](https://www.tristancpa.com/get-started.html) [All posts](https://tristancpa.com/blog) # 5 Mistakes New Entrepreneurs Make When Starting Their Business Tristan Nguyen June 26, 2026 min read ![](https://blog.tristancpa.com/hubfs/Imported_Blog_Media/slip-up-709045_1280.webp) So you've started your own business, congratulations! Now is a great time to learn from the mistakes of those who've come before you. In this helpful article, Bob Wang lays out five common mistakes and how you can avoid them. [Read the full article at Firm of the Future....](https://www.firmofthefuture.com/content/5-mistakes-new-entrepreneurs-make-when-starting-their-business/) Share [X](https://twitter.com/intent/tweet?url=https%3A%2F%2Fblog.tristancpa.com%2Fblog%2F2018%2F4%2F18%2F5-mistakes-new-entrepreneurs-make-when-starting-their-business&text=%3Cspan+id%3D%22hs_cos_wrapper_name%22+class%3D%22hs_cos_wrapper+hs_cos_wrapper_meta_field+hs_cos_wrapper_type_text%22+style%3D%22%22+data-hs-cos-general-type%3D%22meta_field%22+data-hs-cos-type%3D%22text%22+%3E5+Mistakes+New+Entrepreneurs+Make+When+Starting+Their+Business%3C%2Fspan%3E) [LinkedIn](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fblog.tristancpa.com%2Fblog%2F2018%2F4%2F18%2F5-mistakes-new-entrepreneurs-make-when-starting-their-business) Copy link Tristan Nguyen Tristan CPA Free consultation ### Ready to get your finances *dialed in?* Book a free, no-pressure call with Tristan — available to founders and operators anywhere in the US. 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