One of the biggest mistakes people make when starting a small business is sacrificing their own financial well-being. Marla Tabaka points out at the inc.com blog that this strategy leads to closing the doors. If you run out of cash to live on, pouring what little cash you do have into your business won’t help much.
Accordingly, Tabaka takes a look at some of the pitfalls new business owners fall into in this area. She looks at being realistic about cash flow, how to handle start-up investments, how to escape the dollar-for-hour trade treadmill, and how to get to the point where you’re drawing a salary instead of just paying bills.