<ul><li>Launching a startup is exhilarating, but using it as a personal piggy bank can be detrimental to its success.</li><li>By treating your company like a personal ATM, you drain its resources needed for growth and stability.</li><li>This practice can raise red flags for investors and lenders, making it harder to secure funding.</li><li>Mixing personal and business expenses can lead to tax issues and financial chaos.</li><li>Reinvesting in business growth and maintaining separate accounts are crucial steps to break this harmful habit.</li><li>Paying yourself a set salary, using accounting software, and seeking financial advice can help manage finances better.</li><li>Resist the urge to impulsively withdraw from your business and focus on nurturing and reinvesting to ensure long-term success.</li></ul>

Stop Using Your Business Like a Personal ATM—Here’s Why It’s Killing Your Startup

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