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What Business Owners Get Wrong About Money – And How to Fix It
Manage episode 488320122 series 3579522
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In this brutally honest episode of Business Babble, we’re joined by Linda Nelson from Dains Accountants (formerly Condies), who breaks down the biggest mistakes she sees business owners make – and how to avoid them.
We cover everything from the difference between being a sole trader vs. limited, how and when to take dividends, why directors’ loans can land you in hot water, and what really happens when a company goes into liquidation.
You’ll also hear:
- The #1 sign you need to change accountant
- The golden rule of taking money out of your business
- Why so many businesses run out of cash – even when they look “profitable”
- What it actually means to “be liable” for a business in trouble
- And the most overlooked financial habit that separates thriving businesses from failing ones
💥 If you're running a business and want to avoid costly financial mistakes, this episode is a must-listen.
#BusinessBabblePodcast #AccountingTruths #EntrepreneurFinance #SoleTraderVsLtd #SmallBizAdvice #BusinessMistakes #MoneyMatters #CashflowTips #FinanceForFounders #StartupSupport #BusinessGrowthUK #DainsAccountants
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