logo
episode-header-image
Oct 2020
2m 57s

The #1 Mistake Small Businesses Make

The Motley Fool
About this episode

The overwhelming majority of small businesses in America are one-person operations. Unfortunately, there are aspects to running a business that even prepared minds don’t think of. Laura Adams, personal finance expert and author of Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers, shares the most common mistake people make when starting a new business.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Yesterday
Interview with Stride CEO James Rhyu: Disrupting K-12 and Beyond
Is the educational system ripe for disruption? Stride is a for-profit education company that provides online and blended education programs - programs from K-12 through career certification and training. Motley Fool CEO Tom Gardner and analyst Sanmeet Deo talk with Stride CEO Jam ... Show More
23m 1s
Aug 23
How to Factor Home Equity Into Your Financial Plan
Home prices are near all-time highs, and homeowners have never had so much equity. Matt Frankel and Robert Brokamp discuss why, when, and how to turn your home into cash. Also in this episode: -Which types of stocks have performed best since the current rally began on April 8 -Wh ... Show More
21m 48s
Aug 22
Walmart Stands Tall In a Rocky Retail Environment
The retail earnings flood hit this week and it told us a lot about consumer spending, plus the market is once again buying into meme stocks and SPACs. Is this time different? Travis Hoium, Jon Quast, and Matt Frankel discuss: - Retail earnings and takeaways for investors - Opendo ... Show More
42m 1s
Recommended Episodes
May 2019
Why Most Small Businesses Don’t Work & What To Do About It (Part One)
‏Almost 80% of independent businesses fail in the first 5 years. On this podcast, we cover why most small business don’t work and what you as an entrepreneur can do about it. We talk about why being great at the technical side of your business doesn't mean you'll be good at runni ... Show More
39m 3s
Jun 2019
Why Most Small Businesses Don’t Work & What To Do About It (Part Two)
‏Almost 80% of independent businesses fail in the first 5 years. On this podcast, we cover why most small business don’t work and what you as an entrepreneur can do about it. We talk about why being great at the technical side of your business doesn't mean you'll be good at runni ... Show More
35m 44s
Dec 2021
How to Buy a Business, Without Investing Your Own Cash with Carl Allen
Carl is an entrepreneur, investor, and corporate deal-maker who has worked on transactions worth over $50 billion, which includes over 250 acquisitions and sales, together with more than 100 capital fundraising projects. He is one of the world’s premier experts on buying and fina ... Show More
58m 38s
Jan 2023
120: Going From Employee To Entrepreneur Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Mompreneur, Freelancer, Bookkeeper, Virtual Assistant, Business Owner, Or Self-Employed
Making the switch from an employee to an entrepreneur requires many changes, not only with your new responsibilities but your mindset as well.  You’ll have lots of new thoughts and fears, but overall, employees who want to be entrepreneurs seek the advantages of providing product ... Show More
14m 7s
May 2023
Bonus! 5 Small Business Mentors Reveal What's Working Right Now
Send us a textThe rumors are true - the world of entrepreneurship and small business is rapidly changing. And what may have worked in 2016 or even 2020 is no longer as effective.  Join the mentors of The CEO Collective for this discussion about what we are currently seeing in the ... Show More
45m 57s
Feb 2023
Getting into business: Starting out
Starting a business is never easy, but in the last few years there’s been more than usual to deal with. Many would assume it's not been a great time to start trading but we speak to three business owners who did just that. Tina Kayoma is the co-founder of Project of Japan in Kyot ... Show More
17m 53s
Jan 2021
Is All Money Good Money for My Business?
On the first official episode of the Small Business CFOs - CPA and Finance Leaders Terrell and Lola Turner discuss the difference between good money and bad money when it comes to running your business.  Understanding the cost of a saleWhat the economics of a deal means With the ... Show More
27m 28s
Nov 2022
112: How To Write A Business Plan Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Bookkeeper, Virtual Assistant, Business Owner Self-Employed
When you have a business, you most likely have a vision for your business.  If you are like many business owners, you think about your business the majority of your time.  You think about the products and services you offer or want to offer, you think about your ideal client, you ... Show More
17m 40s
Apr 2024
Small Business Fun Facts: What to Know Before Starting a Small Business
Your small business (or idea if you haven’t started yet) is a lot more important than you think. Just ask Karen Kerrigan, the president and CEO of the Small Business & Entrepreneurship Council. She’ll be sharing a ton of fun facts about how small businesses drive innovation, help ... Show More
15m 46s
Jan 2021
Making Finance Make Sense - Welcome to the Finance & Accounting Show
Finance should not be the most complicated part of your business so let this show help simplify it for you. In this show, we dive into some of the most pressing questions that small business owners have when it comes to the finance and accounting side of their business. Each epis ... Show More
2m 25s