5 Biggest Mistakes New Business Owners Make

3. Not Prioritizing Budgeting 

Insider Monkey Score: 5

A budget is a crucial aspect of a new business, and not prioritizing one is among the biggest mistakes new business owners can make. A budget allows business owners to reflect on tasks that are high priority, and determine tasks that can be treated as secondary. Not setting up a budget may lead to other problems such as overspending and miscalculations.