4 Classic Business Mistakes to Avoid | James Sinclair

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Why do so many small businesses fail? And what sets apart those companies who buck the trend and instead post strong growth year-on-year?
In this video, James explains how the answer lies in four classic business mistakes. He offers steps on how to avoid these mistakes, and also provides advice from his own experience on how to build a business that is growing and profitable over the long-term.
One of the mistakes James highlights is an over-reliance on a single source of revenue - instead you need to build multiple revenue streams. Head to the American Express Business Trends & Insights Hub to discover six ways you can increase revenue in your business: www.americanexpress.com/en-gb...
James also highlights the need to plan for the long-term, and you can find out more about his 10 Year Formula for growing a business in this video: • This '10 Year Formula'...
Disclaimer: The information provided in this video is for informational purposes only and does not constitute financial advice. This information is from an independent third party, these are their own views and do not necessarily constitute the views of American Express.