Federal Contracting Made Easy's Podcast

  The 10 Most Common Mistakes Small Business Owners Make   The American Dream - starting and operating your own business.  I don't know of anyone that has not at one time or another thought about starting their own business.  Being one’s own boss, setting your own work hours and being responsible for your own destiny draws many people to start their own business.  Once the business is started is when one finds out how unprepared they really are. These mistakes are not listed in any order.  They are what I have found when consulting with small business owners.  How to Read Financial Statements I have interviewed over 50 small business owners and 49 of them stated that they lacked the knowledge to be able to read and comprehend their financial statements.  When asked what they look at on their Profit and Loss Statement most small business owners stated that they look three things: Total Revenue, Total Expenses and Net Profit.  However, they don't have a clue as to where these numbers come from in their accoun