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Costly Financial Mistakes Small Business Owners Must Avoid | Episode 202
The Spend Life Well Show
If your business is bringing in money but it still feels tight every month, you’re not alone. Many owners get tripped up by the same financial mistakes early on, especially around cash flow, taxes, and how to structure finances.
In this episode, Mark Trice and Sam Chapman break down the biggest mistakes they see from new business owners, and what to do differently if you actually want to keep more of what you earn and build long-term wealth.
What we cover:
→ Why “revenue is vanity, profit is reality, cash flow is survival”
→ How to stay on top of your cash flow (and why most businesses don’t)
→ Smarter tax strategy— quarterly planning and missed opportunities
→ The risk of putting everything back into the business and ignoring your personal finances
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