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The Biggest Financial Mistakes Business Owners Make: Advisors’ Advice

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Related: The Biggest Financial Planning Mistakes Clients Make: Advisors’ Advice

Business owners make all kinds of mistakes when they handle their own financial planning or let somebody unqualified do it for them.

Advisors polled by ThinkAdvisor told us that the biggest financial planning mistakes their business-owning clients made ran the gamut from overpaying taxes to not having the right insurance and not thinking of themselves as employees of their firms.

The advisors also discussed how they had fixed the financial planning mistakes made by their clients. Check out what advisors said in the gallery above.