N@N

2 Business Experts Share Their Worst Financial Mistakes and How They Overcame Them

The article on MSN Money features insights from two business experts, Chris Ronzio and Ryan Kaltman, who share their most significant financial mistakes and the lessons they learned. Chris Ronzio recounts his error in overpaying for a business acquisition, which led to financial strain due to high debt and unexpected costs. He learned the importance of thorough due diligence and not letting emotions drive business decisions. Ryan Kaltman discusses his mistake of not having a clear business model, which resulted in a lack of direction and financial instability. He overcame this by focusing on a niche market, understanding his customer base better, and ensuring his business model was sustainable. Both experts emphasize the value of learning from financial missteps, adapting strategies, and maintaining resilience in the face of business challenges.

Read the Full MSN Article at:
[ https://www.msn.com/en-my/money/personalfinance/2-business-experts-share-their-worst-financial-mistakes-and-how-they-overcame-them/ar-AA1xocN1 ]