There’s this saying that goes: “Mistakes have the power to turn you into something better than you were before.” But there are mistakes you should absolutely avoid when starting a new business; otherwise, you’d end up full of regrets. It’s great that you’re thinking of being entrepreneurial; however, you need to know that there’s certainly more to starting a business.
Here are seven mistakes you cannot afford to make when starting a new business.
1. Not owning a business account
As opposed to using a personal account for your business, a business account makes it easier for you to track your business’ expenditures and sales, helps in auditing and filing tax returns. You may not know this but having a business account announces your professionalism to your customers. Check reviewsbird.co.uk for reviews and experiences on how to start your business account.