1. Kid yourself you want to be a consultant, when all you really want is a job...
2. Spend lots of cash on pretending you are an "established company"
3. Fail to plan in the time - and effort - to sell your services
4. Get really busy doing the sexy stuff on your current contracts - without taking the time to secure the next ones
5. Assume that just because you are great at what you do then people will buy your services
Here's a link to a good article from Karen E Klein in Bloomberg Businessweek:

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