A well-structured business plan is essential for the success of any startup. It serves as a blueprint for your company's future, outlining your goals, strategies, and expected outcomes.

Starting a new venture can be both an exciting and challenging experience. First-time founders often make mistakes that can lead to potential setbacks or even failure. By learning from the experiences of others, startup founders can avoid these common pitfalls and build a successful business. This article will explore five common mistakes made by first-time founders, provide examples and statistics