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 [email protected] and we may answer it in an upcoming episode.

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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)

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