It is said that our failures teach us many things. That may or may not be true. In any case, it is better to avoid making the all-too-common mistakes regarding finances. Here are few times on how to avoid financial blunders in businesses: 1. Expanding before funding is confirmed: Too often business owners become overly optimistic about the potential of their business. That is quite natural. It is a positive thing to be excited and hopeful about the success of your enterprise. However, you must be careful of not pulling the trigger and expand things before they are ready. Many promising businesses have gone under or suffered a set back due to a lack of foresight when it came to resisting the urge to grow before roots had been firmly planted. 2. Allowing credit terms: It is quite natural that new or smaller businesses want to do whatever it takes to get a good customer base. After all, customers are what keep doors open. However, business people must also remember that customers can...