The Most Dangerous Thing Small Business Owners Do

Nina L. Kaufman, Esq.

Nina L. Kaufman, Esq.

An award-winning small business attorney in New York City, Nina is a sought-after professional speaker and Entrepreneur Magazine online contributor. She is the go-to counsel for knowledge economy and creative companies, delivering legal services and educational resources that save them time, money, and aggravation.

Posted on February 6, 2015 in Events & Resources, Video/Audio

They fail to pay attention to their finances. Most small business owners are so busy running the business, that they don’t pay attention to their cash flow statement from June. (Be honest – have you done this yet?)

At the New York Times Small Business Summit, I was able to get some more secrets to small business success when I got to pull Dawn Fotopulos aside and pick her brain for knowledge to share with you. Dawn is part of my Strategic Inner Circle, a successful small business coach and founder of BestSmallBizHelp.com. On this interview, Dawn talks with me about the concerns of small business’ finances, especially with the uncertainty we have in today’s marketplace.

Dawn covered the following tips for small business owners:

  • When is the last time you reviewed your P&L statements?
  • Do you know exactly how much the business brought in last month?
  • Have you considered that maybe your biggest client isn’t exactly your most profitable because of the discounts or concessions you give them?

In 15 minutes, we covered everything from culture to cash flow to how to screen employees most effectively. Get a leg up on your business by watching this 15 minute interview with Dawn:

For more small business advice from the New York Times Small Business Summit, watch our other small business success videos!

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