
Research from the U.S. Bureau of Labor Statistics shows that approximately 20% of small businesses fail within the first year. This is primarily due to financial mistakes. As a small business owner, it is important to understand that your first year in business will make or break you. Below, we’ll explain 8 of the most common financial mistakes that entrepreneurs make within the first year of business. Top 6 Financial Mistakes Leasing Too Much There are two possible outcomes for this…