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Podcast: Belk on Business
Episode: Money Handling Mistakes Pt 2 – Episode 186
Description: Money Handling Mistakes Pt 2 – Belk on Business – Episode 186
There are many mistakes a business owner can and does make, some which could be fatal to the business either directly through mismanagement of the finances or indirectly through failure to follow proper internal controls or following basics of asset protection. Best to run finances in a proactive manner, not a reactive one making tweaks and not major adjustments which can shake a business and its culture to the core.
1) Ignoring the numbers – for many businesses, especially in the first phase of business ignores the accounting/finance functi...