<p>Starting a new business can be thrilling—but it also comes with challenges that can cost you time, money, and momentum. Many entrepreneurs make avoidable mistakes early on that impact their long-term success.</p><p>At <strong>Laced Up Financials</strong>, we’ve helped countless startups navigate these early stages. Here are <strong>five common mistakes</strong> new business owners make—and how you can avoid them.</p><h3 id="2f8913fe-103c-45c5-a049-4bdeabea6ac5" data-toc-id="2f8913fe-103c-45c5-a049-4bdeabea6ac5" style="font-size: 20px; font-weight: 600; line-height: 1.2;"><strong>1. Mixing Personal and Business Finances</strong></h3><p>Combining funds makes taxes messy and damages your credibility. Open a business bank account to keep finances organized and professional.</p><h3 id="4ebbedc4-6e77-4380-a8ca-d18ce79b3b8b" data-toc-id="4ebbedc4-6e77-4380-a8ca-d18ce79b3b8b" style="font-size: 20px; font-weight: 600; line-height: 1.2;"><strong>2. Skipping Legal Registration</strong></h3><p>Operating without proper registration can lead to penalties and missed funding opportunities. We handle business formation so you stay compliant from day one.</p><h3 id="fcf4eafa-57b0-423c-a79e-9921249ea570" data-toc-id="fcf4eafa-57b0-423c-a79e-9921249ea570" style="font-size: 20px; font-weight: 600; line-height: 1.2;"><strong>3. Ignoring Bookkeeping</strong></h3><p>Many small business owners overlook recordkeeping until tax time—but by then, it’s chaos. We set up easy systems to track income, expenses, and cash flow year-round.</p><h3 id="ae7c5634-46a8-4708-9052-0ae11f86820a" data-toc-id="ae7c5634-46a8-4708-9052-0ae11f86820a" style="font-size: 20px; font-weight: 600; line-height: 1.2;"><strong>4. Failing to Build Business Credit</strong></h3><p>Your business should have its own credit profile separate from your personal one. We guide you on building vendor relationships that report payments and strengthen your business credit score.</p><h3 id="850f5f26-bb4c-48ab-88b3-a0af9e1f1122" data-toc-id="850f5f26-bb4c-48ab-88b3-a0af9e1f1122" style="font-size: 20px; font-weight: 600; line-height: 1.2;"><strong>5. Neglecting Tax Planning</strong></h3><p>Taxes aren’t just an annual task—they’re a year-round strategy. We help you plan deductions, estimated payments, and compliance to save money and stress later.</p><p>Launching a business is a bold step—make it a smart one. Let <strong>Laced Up Financials</strong> help you avoid costly missteps and set up your business for sustainable success.</p>

Avoid costly startup mistakes! Learn the top 5 errors new business owners make and how Laced Up Financials helps you build a solid foundation from day one.

The Top 5 Mistakes New Business Owners Make (and How to Avoid Them)

Tax Preparation , Credit Repair , Business Formation , Business Funding 

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The Top 5 Mistakes New Business Owners Make (and How to Avoid Them)

The Top 5 Mistakes New Business Owners Make (and How to Avoid Them)

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