Boochico Pty Ltd presents the most common mistakes that startups and small business owners make.

1. With Helpful Tips from
the friendly team at
COMMON MISTAKES SMALL
BUSINESS OWNERS MAKE

2. PART 1: FINANCIAL MISTAKES

3. ❶ NOT UNDERSTANDING THE FINANCIALS
Tip: Your first priority should be identifying what your business
spends its money on each month, work out what business
processes cost you most and begin minimizing these first.

4. ❷ UNDERVALUING YOUR PRODUCTS
Tip: Figure out how to optimise your business capabilities
without affecting your bottom-line.

5. ❸ CUTTING COSTS BUT IGNORING
REVENUE DRIVERS
Tip: Grow your business with end goals that include achieving
sustainable cost reduction by proactively reviewing your costs
each month and making adjustments to budgets.

6. ❹ OVERSPENDING
Tip: Find ways to reduce your costs through simple yet effective
management of resources and elimination of redundant
application or systems or combine several systems.

7. IS YOUR BUSINESS STRESSING YOU OUT?
NEED HELP?
CONTACT US TODAY.
http://boochico.com.au