When it comes to starting a business, it’s all about the budget. Maintaining a healthy bottom line is key if you want your fledgling venture to take flight and grow. So what are the financial mistakes that you should avoid?
Too often, small businesses make a variety of financial mistakes that allow their hard-earned money to leak away. For example, 21 percent of small-business owners say they claim less than half of their business expenses. This means they are dramatically overpaying their taxes.
A large reason for this is the tendency not to claim small figures, which is a mistake: Even £5 expense claims can add up, so get in the habit of saving your receipts.
Financial Mistakes That You Should Avoid
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