April is financial literacy month and Ruth King, CEO of Profitability Revolution Paradigm in Norcross, Georgia, is marking it by revealing her "Top 10" dumbest, most stupid and irresponsible things small business owners do.
According to King, business owners must avoid these top 10 financial mistakes:
#10: Hiring a bookkeeper and abdicating the financial responsibility for your company.
#9: NOT sending your bank statements home.
#8: Trusting your bookkeeper implicitly.
#7: Relying on "Cash in your Pocket" to know how your business is doing.
#6: Not taking corrective action when necessary.
#5: Not analyzing your financial statements each month.
#4: Not knowing what your financial statements mean.
#3: Inaccurate financial statements.
#2: Not getting financial statements on time.
And the dumbest, most stupid and irresponsible mistake:
#1: Not getting financial statements at all.
King helps small business owners get and stay profitable and her #1 best selling book, The Courage to be Profitable, was published in 2013. Profitability Revolution Paradigm broadcasts trends, information, news, and strategies to small businesses on any Internet connection, mobile or desktop. Small business owners can also access the largest "How To" small business video library of more than 250 trusted, impactful programs on HR, marketing, Sales, Finance, Operations and personal development, These programs give them ways to make more money, enjoy freedom, and give back.
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