Summary: Welcome to the 212th episode of the Prosperity Podcast! In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the five biggest financial mistakes that startups make according to David Ehrenberg. Find out how to avoid these mistakes to maximum your cash flow and ensure the success or your small business. <br> <br> Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.<br> <br> Links in this Episode:<br> Submit your questions: hello@partners4prosperity.com <br> Article: The Five Giant Financial Mistakes that Startups Make<br> <br> Show Notes:<br> <br> 0:00 Intro<br> 00:57 Starting up a Business<br> 01:15 So Many Tools are Available for Starting up a Small Business like a Big Business<br> 03:25 The Five Giant Financial Mistakes that Startups Make<br> 03:44 Mistake #1: Miscalculating Your Cash Burn Rate<br> 06:21 Mistake #2: Not Completely Understanding Your MarketPlace<br> 10:00 The Importance of Pricing Effectively <br> 11:06 Mistake #3: Hiring and Expanding too Quickly <br> 13:07 Mistake #4: Making Bad Hires<br> 14:12 Mistake #5: Doing Your Own Finances (When You Have No Training)<br> <br>
