As a small business owner, managing your finances can sometimes feel overwhelming. One of the best tools at your disposal is a well-thought-out budget. A budget not only helps you track your income and expenses but also serves as a roadmap to financial stability and growth.

Today we will explore effective strategies for managing business debt, helping you maintain financial health and drive sustainable growth.

Below are some of the most common mistakes that small business owners should be avoiding when it comes to finances.