The first quarter (Q1) of the year is a critical time for small business owners. It sets the tone for the rest of the year, offering a fresh start to implement strategies, set goals, and establish financial discipline. However, Q1 is also a period where many small business owners fall into common financial pitfalls that can derail their progress.
Whether it’s poor cash flow management, inadequate budgeting, or overlooking tax obligations, these mistakes can have long-lasting consequences. In this article, we’ll explore the top five financial mistakes small business owners make in Q1 and provide actionable tips to avoid them.
