Fixing the Biggest Mistakes that Startups Make - Episode 212
Episode description
Welcome to the 212th episode of the Prosperity Podcast! In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the five biggest financial mistakes that startups make according to David Ehrenberg. Find out how to avoid these mistakes to maximum your cash flow and ensure the success or your small business.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode: Submit your questions: hello@partners4prosperity.com Article: The Five Giant Financial Mistakes that Startups Make
Show Notes: 0:00 Intro 00:57 Starting up a Business 01:15 So Many Tools are Available for Starting up a Small Business like a Big Business 03:25 The Five Giant Financial Mistakes that Startups Make 03:44 Mistake #1: Miscalculating Your Cash Burn Rate 06:21 Mistake #2: Not Completely Understanding Your MarketPlace 10:00 The Importance of Pricing Effectively 11:06 Mistake #3: Hiring and Expanding too Quickly 13:07 Mistake #4: Making Bad Hires 14:12 Mistake #5: Doing Your Own Finances (When You Have No Training)