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Funding a business
Six key reasons why traders are losing money
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[QUOTE="blessingc, post: 238075, member: 73446"] Realizing that your business is losing money rather than making it can be a harrowing moment, especially if you don’t understand what you’re doing wrong. there are plenty of reasons why businesses lose money; your only job, as a business owner, is to find out which ones are relevant to you and start making meaningful changes. As the owner of your business, you might assume that keeping your company funds in your general bank account is the right way to go. Unfortunately, this can prove to be a major mistake.This can make you to spend money that belongs to your business. Bad accounting can cost you your business, it can make you run multiple losses. Evaluating your pricing should be one of your first lines of defence against disappearing profits. If your business is disorganized it’s undoubtedly costing you somewhere along the line. Hiring employees is a big and expensive step for your business so, you need to hire the number of workers you can pay, so, you don't over spend. Small businesses with high overhead, such as restaurants and retail stores, tend to have the highest expenses compared to profits. Try to check what you earn and what you spend, make it work together, so you don't run a loss. [/QUOTE]
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Six key reasons why traders are losing money
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