What’s better than being your own boss? Opening a small business is an alluring enterprise for countless Americans with ambition and a dream. Successfully running your own start-up, however, requires extensive research, adequate resources, and a combination of street smarts and business savvy. Think of all the reasons any small business owner may close the books in a given year. Whether from competition, poor planning, low demand, or a host of other factors, many small businesses are forced to permanently liquidate as other companies take their place. Don’t become a memory for your customers – dive into this infographic from namesandnumbers.com, which highlights the five most common business pitfalls and provides solutions to help you learn from other businesses’ mistakes.

Avoiding Small Business Pitfalls