7. Being a single founder company. When you’re a single founder, you’re overloaded with tasks. You have full responsibility of everything on your shoulders. Instead, learn to delegate. Hand off the responsibility to people who compliment your weaknesses.

8. Putting business expenses on personal credit cards. Many experts say that when you invest, only invest what you can afford to lose. Otherwise, this is the best way to get yourself into a pile of debt, where you may end up filing bankruptcy and losing everything.

9. Having delusions of how amazing your idea is. No business is that amazing. No idea will “change the world.” Only hard work and strong execution will. Be humble in your presentations. Do not act as if your idea is revolutionary, because it isn’t.

Now that you are aware of what mistakes to avoid when you’re running your business, it’s time to focus on what you can do to make it work. There’s only one desired outcome from here, and that’s the top. We hope we will be seeing you there and discussing how you achieved your success in the near future.

Originally posted on Inc.

Leonard Kim is Managing Partner at InfluenceTree. At InfluenceTree, Leonard and his team teach you how to build your (personal or business) brand, get featured in publications and growth hack your social media following.