Common Mistakes to Avoid as a Business Owner

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.

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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.