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4 Bad Financial Decisions That Can Hurt Your Small Business

Managing finances can be a challenge for small business owners. You might be an expert in making your product or providing a service, but managing your business finances is a significant part of small business success.  So, if you don't have a lot of experience with managing business finances, it can feel overwhelming and easy to slip into bad financial decisions that could harm your business.

Here are four financial decisions you will want to avoid.

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Dreaming of Recreational or Hunting Property?

Have you dreamed of owning recreational or hunting property?

Many people buy recreational land to enjoy hunting, camping, fishing, hiking, or ATV-riding on the privacy of their own property. Owning recreational land can give you a unique opportunity to escape the pace of daily living and provide you with a chance to enjoy the many benefits of being out in nature. 

Others buy recreational land as an investment. Unlike other investments, land offers the additional benefit of using and enjoying it while you own it. Can you camp on a stock certificate or roast marshmallows on your mutual fund? We don’t think so!

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Two Questions to Ask When Considering a Business Expansion Loan

Expanding your small business can help ensure you stay competitive and in business. Recent research found that 82 percent of small businesses fail due to lack of capital (cash flow), and 55 percent of small business owners cite cash flow as the number one challenge to growing their businesses.

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