Entrepreneurs on Fire The Worst Financial Mistakes Entrepreneurs Make When Starting Out with Jordan Sutlick
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Feb 13, 2025 Jordan Sutlick, founder of FlowGoal, a fintech platform designed to help individuals achieve their financial objectives, shares valuable insights on avoiding common mistakes entrepreneurs make. She emphasizes the importance of early financial planning and establishing the right systems to navigate potential pitfalls. Automation is highlighted as a vital tool for entrepreneurs to work smarter, not harder. Jordan also discusses the significance of clear cash flow strategies and maintaining separate emergency funds for long-term stability.
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Prioritize Financial Planning
- Prioritize financial planning early in your startup phase.
- Understand your cash flow and budget properly to avoid stress and missteps.
Unintentional Spending
- Many entrepreneurs are unaware of their actual spending.
- They discover discrepancies when connecting accounts to financial software, often due to forgotten subscriptions.
Track and Adjust
- Track your cash flow closely by monitoring incoming and outgoing funds.
- Regularly review and adjust your financial milestones to ensure you're on track.
