Some Bad Financial Things To Do At A Small Business

Published on Jan 3rd, 2020 11:01 AM
  1. Recording turn-over internally as revenue. It does not matter what you do externally, don't do it internally
  2. Not separating the money that customers pay you from the money you use to pay salaries or anything like that
  3. Recording revenue that is not in your bank as revenue, and not having a clear understanding of how much revenue is actually booked in your bank account.

All of these mistakes come when you are focused on impressing external people with numbers instead of understanding what your company actually needs to survive.