Starting a new business is exciting but often riddled with complex challenges and demands. From research and marketing to customer satisfaction, one has to take care of many aspects to make it a success. It also requires a solid team and sound financial backing. While there is no “right way” to start or run a business, many miscalculations can break a new business. Here are some mistakes that one should avoid while setting up a business: 1. Trying to be a one-man army It’s understandable; the budget is tight, and the tasks are endless. But often, entrepreneurs who try to run the show all on their own find themselves burned out or even demotivated. So, it’s important to outsource a few important tasks, especially those the entrepreneur does not have much expertise in. This can save a ton of time and help avoid potential mistakes that may cost more money than initially anticipated. That said, one must not shell out thousands of dollars to hire full-time professionals. In fact, this is not even advised. One can use other ways to access talent affordably. For example, freelancers and gig workers can work on a project basis. This simple outsourcing can also free up a lot of one’s time, which can be used to strategically plan expansion and innovation and address pain points in the business.