Daily Data 📈
You worked hard, saved up, took out a loan, and got your business started. You've got this money thing down, right? Well, businesses leak money all the time—let's look at the top reasons they do.
In the simplest terms, these are among the top reasons businesses lose—or more accurately waste money.
It all boils down to good planning. What do you need? How can you keep overhead low? Bringing in resources judiciously goes a long way, my friend.
We're all about dreaming big, but getting to the end goal only works when you pace yourself and put in the miles. Remember that!
Read more about top business money wasters.
Getting Big, Hairy & Audacious
We love setting ambitious goals. It’s kind of our thing.
But it’s not just about setting goals for the shock value. Imagine how you’ll feel if you meet the goal you’re setting. If that feeling doesn’t light you on fire, then toss the goal in the trash. It's useless if it isn’t personal.
When you know what matters to you—what you want out of life, who you want to be in the world, and what legacy you want to leave behind—you will be able to formulate clear goals that fall in line with your priorities and values.
Surefire Ways to Lose Your Hard-Earned Money
Protecting your money should be your number one financial priority, but it’s easier said than done.
Too many people make financial blunders — some of which they can never recover from. Don’t fall prey to the same big mistakes that lose good people a lot of money.
The Word
Check out our recommended reading for the week:
- This Socially Conscious Subscription Box Company Has Suddenly–And Silently–Shut Down (Forbes)
- Time to gather round for a lesson on transparency.
- Why should you care? If you're a startup and you begin to see success, are you accountable to everyone who got you there?
- We Owe It to Consumers to Foster Financial Literacy (Entrepreneur)
- Did you know that financial illiteracy cost Americans $415 billion in 2020?
- Why should you care? Making consumer education a part of your brand is a worthwhile investment these days. 😉
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From apps to turbine blades, entrepreneurs from CSULB pitch ideas at startup contest (Long Beach Business Journal)
- Hey, look at what the young entrepreneurs up to these days!
- Why should you care? Long Beach industry is certainly not a roadmap for the country—or world—writ large, but it pays to know what's hip.