Starting a business can be scary. Many entrepreneurs are not prepared to handle the hiccups that could suffocate their startup. Here are some of the most common entrepreneurial horror stories and how to avoid them.

• Heading into the Dark, Alone. Want to start a business but don’t know where to start? Seek advice from those already doing what you want to do. Mentors are priceless, and while it may cost a little extra to consult a professional, it could cost even more to blindly invest in something.
• Scary Scammers. Whether you’re going into business with a partner or looking for investors, be care who you bring into your business. It’s tempting to pursue any financial opportunity, but if the deal sounds too good to be true, do more research to help determine if it’s a wise long-term decision.
• Killer Contracts. While it’s always good to get terms in writing, it’s equally important to have these documents reviewed by a lawyer or trusted mentor.
• Tape Dripping in Red. Regulations are there for a reason. Know what they are and how to comply before moving forward and having to pay any related fines later. Prepare to adapt your business plan when issues arise.
• Ghosting. Sometimes a partner that seems interested at first can disappear at a less than ideal time. Unsatisfied customers are also likely to move on without a forwarding address. Make sure you run background checks on business partners, do market research to target the right customer, and don’t be afraid of feedback from either party.
• Terror of the Unknown. Running a business can be a long and winding road with speed bumps and road blocks. Starting with a solid business plan can be a helpful map to guide you through the process.

Being prepared for business-related vulnerabilities and possible solutions helps prevent your worst work nightmare from coming true.

How to Avoid Entrepreneurial Horror Stories

Ready to get prepared? Follow these steps:

1. Assess risks
2. Define your worst-case scenario
3. Brainstorm initial responses
4. Design action plans with your current resources
5. Map out solutions

Knowing what’s possible—both positives and negatives—and how to address it will help make you better prepared for anything. Setting clear business goals, cultivating a support system, keeping the customer in mind, and maintaining your own well-being can help sustain you through a number of scary situations.