Top 5 Entrepreneurial Mistakes That Everyone Seems to Make

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 14 December 2018

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week’s mini episode of The Money Guy Show zeros in on the five mistakes all new business owners tend to make. Brian admits to making all of these mistakes himself when he was a new business many years ago and has seen it time and time again with others. So, what are these five entrepreneurial mistakes and what can you do to avoid them if you yourself are a new entrepreneur or thinking about becoming one? Tune in to today’s episode to glean valuable insights about mistakes to avoid as a new business owner and lessons you can learn from the entrepreneurs who have come before you. For more details, visit the show notes on our website: https://www.moneyguy.com/2018/12/5-entrepreneurial-mistakes/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're living your dream. You just started your fresh new business. How do you
0:06.0	avoid those five entrepreneurial mistakes that seems like everyone falls into?
0:11.0	It's Brian Preston, the money guy, restoring order to your financial chaos,
0:17.0	retirement, investing, taxing. You've got financial questions. He's got financial
0:23.0	answers. It's Brian Preston, the money guy.
0:27.0	That five was aggressive. This is what I love is you guys are going to get the five
0:32.0	entrepreneurial mistakes. It is the five biggest because Brian's pretty excited about it.
0:37.0	You got it out there. You got it out there on it.
0:40.0	I want to jump into these. Moneygot.com. Make sure you subscribe to the YouTube channel.
0:45.0	Make sure you come to Moneygot.com. Give us your email address so we can keep you updated.
0:49.0	Let's jump into these five entrepreneurial mistakes.
0:52.0	I do. I do want us to jump into that. But I have a question.
0:54.0	Why are you qualified specifically Brian Preston? Why are you qualified to share five
1:02.0	entrepreneurial mistakes for someone to avoid?
1:05.0	I've been so excited about this show because I've done several businesses.
1:11.0	Not every one of them is successful either. I mean, I mean,
1:15.0	advisor skills. Come on now. That was eight years ago and it's still too soon.
1:20.0	But no, I've had several businesses and as well as I've helped clients.
1:25.0	Guys, if I was smart, I would have taken a percentage of some of the businesses I helped
1:32.0	when they had no fixed assets, nothing just like Marcus.
1:37.0	Marcus the profit. I should have been taking a percentage of some of these clients
1:42.0	and it would have really hooked me up. So I've had a background.
	...

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