Smarter Loans > Videos > Entrepreneurship > Common Mistakes to Avoid as a Business Owner

Entrepreneurship

Common Mistakes to Avoid as a Business Owner

- Share on Twitter - Share on Facebook - Share on Reddit - Share on Email

A common mistake businesses often make is to spend money too quickly. Instead of falling victim to this mistake, be more conservative with your finances and don’t spend money you don’t have.

Moreover, don’t take a loan for the amount you’re approved for if you don’t actually need that full amount right now. You don’t want to pay interest for money that’s just sitting in the bank account.

—————————
Learn more about Company Capital at https://smarter.loans/lenders/company…

Looking for business capital? Visit https://smarter.loans/business-loans/

Smarter Loans Staff

The Smarter Loans Staff is made up of writers, researchers, journalists, business leaders and industry experts who carefully research, analyze and produce Canada's highest quality content when it comes to money matters, on behalf of Smarter Loans. While we cannot possibly name every person involved in the process, we collectively credit them as Smarter Loans Writing Staff. Our work has been featured in the Toronto Star, National Post and many other publications. Today, Smarter Loans is recognized in Canada as the go-to destination for financial education, and was named the "GPS of Fintech Lending" by the Toronto Star in 2019.

Categories

You Might also like

0 48

How Small Businesses Use Capital to Thrive | Full Interview with OnDeck Canada’s VP of Sales

Stefan Capombassis is the VP of Sales at OnDeck Canada. OnDeck Canada is a national leader in reliable, accessible and efficient online lending for Canadian small businesses. We had the pleasure of chatting with him about the different financing products offered by OnDeck Canada, the best time to take on financing and things to consider before taking on a business loan.

July 25, 2022
0 334

goPeer | Peer to Peer Lending in Canada | Interview with Joseph Buaron & Marc-Antoine Caya

We are thrilled to share our interview with Marc-Antoine Caya and Joseph Buaron, Co-Founders at goPeer. goPeer is Canada’s first consumer P2P lending platform and connects creditworthy Canadians looking for a loan with everyday Canadians looking to invest. In this video, Joseph and Marc share more about the company's mission, opportunities for both investors and borrowers as well as trends in the market.

July 25, 2022
2 103

Merchant Growth | Interview with David Gens – Business Funding for Success

David Gens is the President & CEO at Merchant Growth, an alternative lending provider specializing in small businesses. In this interview, we talk about important things business owners need to keep in mind when looking for business financing, things to avoid and general trends we've noticed in the industry.

May 31, 2022