Most entrepreneurs have no problem coming up with big ideas for how to start a new business. Despite this creative spirit, studies show that nearly 90 percent of all startups fail within the first five years. For many of these entrepreneurs, their problem is not their ideas or even the goods or services they offer. Instead, it all boils down to how they handle their finances. After all, without a stable financial footing, even the best businesses will soon find their demise. Here are the top five accounting mistakes entrepreneurs make when starting a business.
Are you worried you might be engaging in some (really, really, really) bad bookkeeping habits? Perhaps some seem bad.
If you run a business that does a large volume of cash transactions, you're at a heightened risk of employee fraud..
As an entrepreneur or small business owner, you face a number of risks every day: Market, product, client,.