Even if you have an earth-shattering business idea but you tend to mismanage your finances on the get-go, your business might not get too far. This article from Business.com tries to make sure that this doesn’t happen to you.
Chris Porteus shares some sensible ideas here that we thought we should echo on to our readers. Here’s one that we thought is worth the share:
Unless you happen to be a steakhouse catering to investment bankers, most new businesses simply don’t need a prime location or luxury office space. While some businesses may find themselves in more image-conscious fields than others, working conservatively when it comes to office space (in the beginning) can go a long way to save you money.
So, are you making sensible money decisions for your business? We hope you are. But, just to make sure, take a look at the rest of this piece. You may already be making one of these financial mistakes without knowing it.