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Money Saving Mom

Money Saving Mom®

Saving Families Money Since 2007

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Q&A: ” What’s one of the biggest mistakes people make when starting a business?”

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I think that one of the biggest mistakes people make when starting a business is throwing a bunch of money at their business in order to build it.

This may seem like basic budgeting 101, but if you aren’t making money, you will sink quickly. It is SO important to make sure your income exceeds your expenses.

Work hard to keep your profit margins high and your costs low. Always consider how you will work to increase your income in order to make up for a financial investment in your business.

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