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The 8 Biggest Mistakes Small Businesses Make
You can improve your chances for success and profitability by being aware of and steering clear of these common financial mistakes.
S Teller Business Solutions has changed the way I operate my business in very productive ways. My experience working with Shelley has been amazing. She has changed the way I think about reporting and capturing data for my nonprofit. I could not be more happy with the results so far. I have signed on for more advice in other areas to grow the culture of our operations and I can't wait to see the end results.
It’s inevitable that you’ll make some financial mistakes and learn some hard lessons as a business owner, but it’s important to be aware of the most common mistakes so you can avoid them.
Of all the roles a small business owner takes on, often the most challenging is managing the business’s finances.
The reasons are many, but most business owners don’t have a background in business finance, and at least at the start, are more focused on bringing in business and serving the customers than they are on record keeping and financial planning for their business.
As a result, many work long and hard at their businesses with only mediocre success to show for their efforts. Others fail completely.
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