financial mistakes

Starting a new business is a delicate thing. There is any number of things that can bring your business to a grinding halt, forcing you to close your doors. In fact, within one year of opening around a third of new businesses fail. Within three years of opening, that number goes up above 50%.

In some cases, the factors that shut down your business are out of your control. Rapid changes to your market or supply chain problems aren’t always something you can recover from. However, there are some serious financial mistakes you can make when starting a new business that will cause you serious trouble.

Here’s a look at some of the biggest financial mistakes made when starting a … Read more →

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