5 big profit draining mistakes smbs make
The Definitive Guide for Entrepreneurs and Small Business Owners who want to maximize their profit and sustain their business in the long-run.
About The Book
5 Big Profit-Draining Mistakes Small Businesses Make is a powerful guide for entrepreneurs ready to take control of their business’s financial health. Starting your own business offers independence, flexibility, and limitless potential, but it also demands a solid foundation in financial management to thrive. With half of small businesses failing within their first five years, poor financial oversight is one of the main culprits behind this alarming statistic.
This ebook dives into five common yet costly mistakes that often go unnoticed, silently draining profits and holding back potential growth. Designed to empower business owners with actionable insights, 5 Big Profit-Draining Mistakes Small Businesses Make equips you with the tools to sidestep these pitfalls and create a sustainable, profitable business. Whether you’re a new entrepreneur or an experienced small business owner, this ebook will help you build a thriving business and enjoy the rewards of entrepreneurship on your terms.
The difference between great people and everyone else is that great people create their lives actively, while everyone else is created by their lives, passively waiting to see where life takes them next.
Michael E. Gerber
What’s inside
Why businesses fail
Expectation vs Reality
Cash Flow
is the lifeblood
Turnover vs Profit
It’s not just about sales
Cheap Accountants
are actually costlier
Marketing
is a lifelong effort
Outsourcing
is the way to sustain
Introduction
Starting your own business is a thrilling journey, full of promise, independence, and the potential to build something uniquely yours. The freedom to shape your work-life balance, set your own goals, and make decisions without limits can be incredibly rewarding. But with this freedom comes the weight of financial responsibility, and achieving profitability is crucial for long-term success.
While there’s no ceiling on what you can earn, there are also no guarantees. In fact, research by the US Small Business Administration found that 50% of small businesses fail within the first five years. And one of the major reasons for that is poor financial management. Often, even passionate and hardworking entrepreneurs fall into profit-draining traps that could have been avoided with a bit of insight and planning.
Don’t despair and go running back to the day job. If you’re not making as much money as you’d like to, it’s time to take a look at your business and root out the mistakes that are eating into your profits. It’s possible to enjoy all the benefits of running a business and make much more than you ever could working for somebody else. Entrepreneurship is a risky path, but the rewards are worth it.
In this eBook, 5 Big Profit-Draining Mistakes Small Businesses Make, we’ll explore the costly missteps that can eat away at your hard-earned revenue. Armed with this knowledge, you’ll be better equipped to make strategic, profit-protecting decisions and ensure your business doesn’t just survive, but thrives for years to come.
Avoidable Mistakes
Invaluable Lessons
Are you an entrepreneur, business leader or a CEO who wants to overcome financial struggles, avoid costly mistakes, and turn your hard work into lasting profitability and freedom? Download this guide today and gain the insights you need to protect your revenue, achieve lasting success, and enjoy the freedom of thriving entrepreneurship.
About the author.
Mujtaba Khateeb, CPA, is a seasoned fractional CFO and strategic financial advisor with a passion for helping small and medium-sized businesses thrive. With years of experience guiding entrepreneurs and business leaders through complex financial challenges, he specializes in turning financial confusion into clarity and actionable strategies for growth. Mujtaba has worked with businesses across industries, offering insights that drive profitability and sustainability.
As the founder of a consulting company, a computer peripherals enterprise and a hospitality business, Mujtaba understands the realities of running a business—and the critical role financial management plays in success. Beyond his professional work, he’s deeply committed to community outreach, mentoring aspiring CPAs and young entrepreneurs to build fulfilling careers.
Mujtaba’s mission is simple: to empower business owners with the financial tools and knowledge they need to succeed, so they can focus on what they do best—building their dream businesses.
Mujtaba Khateeb