Keeping your business afloat requires more than just passion. Being in love with your business doesn’t guarantee success; you need more than that. Most businesses fail, not because of anything else but poor financial decisions.
Seeking finances for your business is a big decision — one that can make or break your enterprise. Managing these funds is even a greater and more important task. The truth is, you do not want to make certain financial mistakes with far-reaching implications. For someone who is well educated on the various financial options and their possible implications, avoiding unnecessary pitfalls is easier. So what are some of the mistakes you need to steer clear of?
Integrating personal and business finances
For most entrepreneurs starting businesses, one of the most common sources of initial capital is personal savings.
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