Unlock the Untold Secrets to Bulletproof Money Management Every New Entrepreneur Needs to Know Before They Fail
You don’t need to be a tax expert, but it helps to speak to one early on. A quick consultation with an accountant or tax advisor can help you avoid rookie mistakes like missing deductions or forgetting to register your business in the right way. Even if you only meet once, the advice you get can shape how you handle your money for the rest of the year.
Understand when it’s time to reinvest
When money starts coming in, it’s tempting to hold onto every cent. However, some of that money should go back into the business if you want to keep growing. This could mean paying for better marketing, upgrading your equipment, or hiring someone part-time to help with tasks that are slowing you down.
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