Most businesses don't fail due to a lack of sales, but due to poor management.
Many entrepreneurs They work hard, they sell well, and yet They feel that the business “is not growing”The reason almost always lies in the financial sectionHere I share the most common mistakes that hinder growth and how to avoid them.
1. Do not separate personal finances from business finances
Use the same bank account for everything complicates taxesIt reduces credibility and makes it harder to access financing.
Solution: business bank account from day one.
2. Lack of control over cash flow
Many businesses sell well, but They don't know how much money comes in or goes out.
Solution: Use monthly reports, monitor expenses, and review your bank statements regularly.
3. Not paying taxes correctly
Errors in declarations or late payments They can generate fines and affect your relationship with banks.
Solution: Organized accounting and tax advice.
4. Do not create a business credit history
Whitout business credit, You will pay for everything with your SSN, limiting your growth potential.
Solution: open Net-30 accounts, business cards and pay on time.
5. Growing without structure
Add services, employees, or sales without having systems It creates chaos.
Solution: clear processes, documentation and defined roles.
Avoid costly mistakes and take your business to the next level
Prostart helps you to organize your finances, build structure and prepare your company to grow safely.