#23: 6 FINANCIAL PITFALLS TO AVOID IN YOUR SMALL BUSINESS

Financially Adjusted

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This episode is meant to share, not scare. I cover 6 financial pitfalls that many small business owners commonly fall into and how to avoid them. These pitfalls can derail your business so being aware of them and keeping them top of mind is incredibly important! Avoiding these financial missteps will help set you a path toward better financial management, peace of mind, and ultimately, business success and growth.

Resources Mentioned:

• Episode 15: How to Stay on Track with Estimated Tax
• Estimated Tax Guide for Entrepreneurs: My free guide that breaks down what estimated taxes are and how to save for them
• Estimated Tax Tracker: This done-for-you tax tracking template is available for purchase and can be used for years to come in your business. It will help keep you organized and stress-free when it comes to tracking and saving for your estimated taxes.
• Episode 22: 3 Benefits of Accurate Bookkeeping

Email us with any questions you’d like answered in future Q&A episodes!

Recommended payroll software (affiliate link):
ADP
GUSTO

Recommended bank and the one I use in my business (affiliate link):
RELAY BANK

QuickBooks Online is my go-to accounting software. Get the best discount possible (30% off for 12 months) when you buy with my affiliate link below, through Complete Business Group. Message me at [e-mail] with any questions regarding signing up.
SIGN UP FOR QUICKBOOKS ONLINE

My favorite budgeting app w/ an amazing free version:
EVERY DOLLAR BUDGETING APP

My preferred business credit card with cash rewards (affiliate link):

If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.

CAPITAL ONE BUSINESS CREDIT CARD

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Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.