8 Money Mistakes Business Owners Make

The world of business has a lot of uncertainties. There are times you’ll be on top and others when you’ll be struggling to stay afloat. One thing’s for sure everyone makes mistakes but those who succeed are those who learn from them. So, below are a couple mistakes most business owners consistently make. Enjoy!

Timestamp
00:00 Intro
00:21 Not separating business account from personal accounts
01:56 Making big business purchases immediately
02:51 Making large personal purchases
03:43 Incurring credit card debt hoping to get revenue in the future
05:11 Not saving for emergencies
06:43 Neglecting to plan for upcoming tax obligations
07:49 Not setting a clear budget for your business
08:50 Refusing to invest in professional services

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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
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[LamarSchoell]

Having separate bank accounts for your business is huge. It actually makes things much simpler for your life, love this one. Lots of good tips thanks.😀

[supernaturalwealthprovisio]

Always a great watch for application💯🎯
A great many thanks!

[nimmanajoshna]

Thanks a lot from making video on such an valuable lessons that will be very useful for the new business owners

[Onecamera]

Great advise is hard to come by. Some things are easier learned though experience. 😁 But I'm in the right track. 11👍

[ethancharlotte]

Early retirement is a dream.. I got to understand that I have to be at the end of my life to enjoy time freedom.. let's hustle to financial independence

[CreativeCashflow]

People think investing for 20-30 years is too long. But they will work a job they hate for 40-50 years. How does that happen?

[gm]

Seperate entity principle is a concept which is globally considered best practice in accountancy.

[michaelchad]

Investing in stocks or real estates are very good ideas though real estate investment seems a bit more complex. Who else is in line with me?

[markdominic]

My life has totally changed since I started with $7, 000 and now I make $ 29, 450 every 11 days.

[arthurlouis]

The best strategy to use in trading crypto is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed.

[jamesleo]

Nice and educating video tho I'm happy I no longer waiting for the GRANT LOAN because I earn $ 20, 340 every 10 days recently