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Two All-Too-Common Ways Small Business Owners Waste Money (And How They Can Stop)

Source: forbes.com - Apr 24, 2019

The funny thing about money? It comes and it goes. As business owners, our job is to figure out how to make it come more often and go less often. But in the day-to-day, back-and-forth of running a growing business, it’s easy to forget about everything we’re paying for. Cashflow issues can crop up quickly, and before you know it, your monthly expenses are out of control.

According to the Small Business Association, 20% of small businesses fail in their first year, around 50% fail after five years and nearly 70% fail by their tenth year in business. With odds like that, it pays to know how to stop the bleeding.

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Category: General Business