Here are 10 mistakes small businesses tend to make. Mixing personal and business expensesAs a small business owner, it is easy to mix personal and business expenses. Hiring too softlyWhen running a small business, it may seem cost-effective and convenient to run all departments in the business yourself. Small businesses should, therefore, avoid as much as possible situations that tie up cash, and put in place habits that encourage healthy cash flow. Poor allocation of resourcesIn a bid to keep up with competition, small businesses may be under pressure to spend on investments that may hurt their finances.

Source: Standard Digital May 03, 2017 07:07 UTC