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What are some beliefs and misconcpetions about finance that stifle small business and entrepreneurship?
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That cash equals net income in the same period. It never does, and the soon an entrepreneur understands this the sooner he/she can measure, track, and improve real real performance.
Small business owners are having a hard time finding funding. Most have gone to friends, family and their own credit cards to fund their business. They are creating personal liability by pledging personal assets and not utilizing corporate credit. Most business owners don't realize that there is a way to separate their personal credit from their business credit by creating a business asset and creating a financial credibility for their business.
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