9. “I Have a Fool-proof Business Plan”

History is evident that all businesses have seen both good and bad days. So, never ever think that your business will see witness only sunny days. Your business too will face its share of rainy days. What you can do is safe-guard your business by trying to reduce such losses. This approach is the more practical one. Seek professional help while starting your business. India has many official bodies which helps entrepreneurs with their business plans. Remember; start late but wisely in your start-up. It is better to wait and rectify weak areas of a business plan than starting early but improperly. A hasty start will only spell out trouble in the coming days.

10. “I Believe in Quick Money”

This is another shady area of businesses. If you are looking for quick ways to make a lot of money, then you are probably looking mostly at illegal things. You can even gamble and hope for a big win but it again depends upon luck and chance. If you ever come across a scheme which offers you tons of money in jiffy, steer clear of it. Even if you cannot go for straight investments and a brief period of waiting for money, never go for such schemes. This only means trouble, something like chit funds of the country.