Financial mistakes that will ruin your business

90% of startups don't live to see their success: they decline within the first year of operation. This may be due to poor entrepreneurial intuition, or it may be due to an incorrect launch strategy or unreliable business partners.

But the most common cause of failure is mismanagement of finances:

1. Putting all your capital into a new project can cause you to lose everything at once. Do not play the game of wabank, it is too risky tactics for a novice businessman.

2. Refusing to do clear financial planning, you also risk losing your investment. Reconcile debits and credits and develop strategy options for different scenarios.

3. When you invest personal money to launch a business, that's ok. But when you withdraw profits to your personal account instead of reinvesting them, it's anti-practical in the first stages of project development.

💼Business Boosters✅️