Get All Access for $5/mo

Does Money Equal Success? You bet it does. It's frequently a lack of capital that dooms a business before it can even get on its feet.

And according to a recent survey, the biggest potential trouble spot for entrepreneurial businesses is when they're experiencing rapid growth.

Larry Dondon, managing director of Entrepreneur's Re$ource Group, warns entrepreneurs to avoid these common financial mistakes:

  • Failing to borrow funds
  • Overlooking available financial resources
  • Underestimating financial risks
  • Ignoring the downside of investors
  • Overestimating your borrowing potential
  • Neglecting to manage lender relationships
  • Preparing a loan application under pressure
  • Failing to forecast cash needs

By paying attention before you hit the danger zone, you're more likely to avoid trouble altogether.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Is One Company to Blame for Soaring Rental Prices in the U.S.?

The FBI recently raided a major corporate landlord while investigating a rent price-fixing scheme. Here's what we know.

Side Hustle

This Former Starbucks Employee Started a Side Hustle That's Making More Than $70,000 a Month — and He's Not Done Yet

When Tom Saar moved to New York City, he spotted a lucrative business opportunity.

Business News

Amazon Has a Blank Book Problem: Buyers Report Receiving Fakes of Bestselling UFO Book

The book looked fine on the outside, but the inside was out-of-this-world.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Paramount Leadership Alludes to Layoffs If Merger Does Not Go Through

Paramount is awaiting approval on its merger with Skydance Media from majority shareholder Shari Redstone.

Business News

Microsoft Reportedly Lays Off Over 1,500 Employees in Cloud Sector as Partnership with OpenAI Strengthens

Alphabet also reportedly laid off employees from several teams in Google's cloud unit last week.