10 common small business startup mistakes All businesses make mistakes. It’s OK. Whether you’re running your first or fifth business, prevention is key. Here are the common mistakes small business owners make,
It’s also one of the most important. Accounting errors can be damaging—even fatal—to businesses, but mistakes are surprisingly common. Here’s how to avoid five of the most common accounting mistakes that plague small businesses.ForbesForbes...
Small businesses generally have to work things out for themselves, which is when inaccurate assumptions are made, and incorrect conclusions are drawn. Here are 5 of the most common small business branding mistakes: 1. “A brand is just the logo, right?” Wrong. This is common misunderstanding ...
As you go about gathering your information and calculating how much you owe Uncle Sam, here are a few common SMB tax mistakes to avoid: 1. Writing off all your startup expenses at once. If you’re launching a new business, you’re probably tracking every penny you spend in order to wr...
There are many other mistakes that small businesses make when it comes to using social media, but the ones listed above are some of the biggest. Keep in mind that everyone is different and what may work well for one person, may not work for another. ...
I recently sat down to talk with the team atBench.coabout some of the most common accounting mistakes that they see when it comes to small business bookkeeping. These include: 1. Putting it off until the guilt drives you crazy. Procrastination comes from the fear of doing something...
Whether you’re a sole proprietor, independent contractor or small business owner, it can be important to properly track and categorize your business expenses. Even small mistakes can lead to accounting issues. For example, missing receipts or bookkeeping errors can create an inaccurate picture of ...
This article will guide you through common mistakes business owners make that make it much more difficult to succeed. Even if you survive the first year, you’ll notice the strain of these mistakes as time goes on, especially when scaling operations. ...
Technology doesn't prevent accounting mistakes because of the “garbage in, garbage out” business adage. The person who enters the accounting numbers in software and technology applications needs to transfer them correctly and enter them in the right place at the right time. The bookkeeper needs...
These factors hamper small business growth. 1. Visual Impairment All firms require a documented vision statement to guide their strategy and decision-making. A company may sway without a clear vision if it doesn’t have one. Without understanding where you want to go, how can you plan or hav...