Entrepreneurs often make financial mistakes that can jeopardize their ventures. Some common ones include:
- Overleveraging: Taking on too much debt without a clear repayment plan. - Underestimating Costs: Failing to account for all expenses, leading to budget shortfalls. - Ignoring Cash Flow: Focusing solely on profits while neglecting cash flow management. - Lack of Financial Buffer: Not maintaining an emergency fund to cushion against unexpected financial shocks.