THIS IS THE MISTAKE THAT MANY FOUNDERS MAKE, SO THAT THE BUSINESS FINANCIALS ARE IN DANGER

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When doing business, we often forget to save money, we spend as we please, without making the right calculations.

We don't really plan how much budget we need to set aside for operating costs, marketing, etc.

So, when business is slow, there isn't enough money to cover all of this.

This will have a negative impact on our business finances!

If the business founder is not good at managing the business's money, the business can go bankrupt in no time.

Don't play around with this chapter!

Why Are Business Finances Having Problems? What Are the Causes?
Lack of clear financial planning. Without a budget and accurate financial goals, it is difficult for founders to know how much money is needed for business operations.
Borrowing money too quickly without planning. Founders who borrow money too quickly without thinking long and hard will face major debt problems.
Not keeping business and personal money separate. Don't morocco phone data steal business money. This can be a big mistake! Business money must be kept separate from personal money.
Not saving money for emergencies. If there is no cash reserve, founders can get into big trouble if there is an unexpected emergency.
Not paying taxes. Founders have to manage taxes to avoid fines from the authorities.
Not doing market research. Without market research, founders will be too blind to what is happening in the market.
If a business has financial problems, business performance will be affected.

Businesses may have to close, employees may have to be laid off, customers may disappear, debts may pile up, and the business owner himself may be stressed.

So, we have to improve our business finances so that we can prevent this from happening.

Is there something that many founders do that causes their business finances to collapse.