Welcome to the 212th episode of the Prosperity Podcast! In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the five biggest financial mistakes that startups make according to David Ehrenberg. Find out how to avoid these mistakes to maximum your cash flow and ensure the success or your small business.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.
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Submit your questions: welcome@ProsperityThinkers.com
Article: The Five Giant Financial Mistakes that Startups Make
00:57 Starting up a Business
01:15 So Many Tools are Available for Starting up a Small Business like a Big Business
03:25 The Five Giant Financial Mistakes that Startups Make
03:44 Mistake #1: Miscalculating Your Cash Burn Rate
06:21 Mistake #2: Not Completely Understanding Your MarketPlace
10:00 The Importance of Pricing Effectively
11:06 Mistake #3: Hiring and Expanding too Quickly
13:07 Mistake #4: Making Bad Hires
14:12 Mistake #5: Doing Your Own Finances (When You Have No Training)