6 Money Habits That Could Cripple Your Business Over Time

in money •  8 years ago 

No entrepreneur starts off a business with the intention of having it shut down in a few months' time. But the reality remains that 50 percent of businesses fail within the first five years. On the flip side, there are lots of businesses that have gone well beyond the ten-year mark and are still doing well. One thing that these businesses have in common are the wise business success habits that smart owners live by.

  1. Not having regard for "little money"
  2. Not diversifying your business's income stream
  3. Not saving
  4. Not taking steps to reduce your credit card balances and debt
  5. Not maximizing tax deductions and write-offs
  6. Not keeping yourself on a "salary"

Read more here: https://www.entrepreneur.com/article/294877

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This is so true.