The Top Ten Avoidable Mistakes Of Entrepreneurs: Bill Draper

01/31/2011 03:46 pm ET | Updated May 25, 2011

Over the last fifty years, I have come across and worked with an array of entrepreneurs from a variety of industries, and I have noticed that there are certain preventable blunders that seem to crop up repeatedly.

To an extent, everybody has to reinvent the wheel and make his own mistakes, but I offer the following in the hope that at least some entrepreneurs will take some of these prescriptions to heart and maybe make their avoidable mistakes less costly.

From The Startup Game by William H. Draper, III. Copyright © 2011 by the author and reprinted by permission of Palgrave Macmillan, a division of Macmillan Publishers Limited.