This blog is part 2 of the most common financial mistakes that I’ve seen small business make in my 30 years of small business experience. In part 1 I discussed not understanding your numbers of your business and thinking that profit is the same thing as cash flow. Today I have two more for you. Avoid these big ones and you’ll miss some potentially huge setbacks. Mistake #3: Markup is not the same as Margin I have seen this mistake many, many times. People use the terms Markup and Margin interchan... [continue reading]

This blog is part 1 of the most common financial mistakes that I’ve seen small business make in my 30 years of small business experience. Avoid these big ones and you’ll miss some potentially huge setbacks. Mistake #1: Understand your numbers! Most people start a business because they have a passion for something. They want to meet a need in the marketplace or do some good in the world. They know their product, and they know who their customers are and how to reach them. What’s the one thing they... [continue reading]


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