Introduction
Financial missteps can quietly kill a growing business. From overspending to poor planning, small mistakes can have big consequences. Here are the top 5 to avoid.

1. No Budget or Cash Flow Plan
Without a clear budget, it’s easy to overspend and fall short. Track every dollar.

2. Mixing Personal & Business Finances
It might be tempting, but it leads to confusion, tax problems, and inaccurate reporting.

3. Ignoring Financial Reports
Profit & loss statements, balance sheets, and cash flow reports are essential for smart decisions.

4. Poor Pricing Strategies
Undercharging can harm your profits; overcharging can drive customers away. Know your value.

5. Delayed Tax Planning
Plan ahead for taxes to avoid penalties and cash flow crunches.

Conclusion:
Smart financial management starts with awareness and support. At HFY Consulting, we help growing businesses make financially sound decisions.
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