Business

4 Poor Money Habits That Are Leading You to Become Business Broke

Published

4 years ago

February 10, 2022

Many aspiring business owners accidentally get into bad money management habits that can eventually lead them to business bankruptcy. Let’s break down four poor money habits that could lead you to become business broke if you aren’t careful. We’ll also go over ways you can cultivate smart, financially savvy money habits instead.

Table of Contents

Bad money habits for your business

When running an entrepreneurial endeavor, it’s easy to pick up bad money habits that can sink your ship before it has a chance to sail. Here are four of the most common ways new entrepreneurs or executives mess up their companies’ finances.

1. Paying too much for office space

There’s no reason to pay for a beautiful office park or other expensive office space if you and your employees won’t use it, especially if you’re just getting started. Don’t invest in tons of company rooms or even an entire building until your startup is well off the ground and turning a profit (or is at least on its way to projected success metrics).

If you have several employees in your company, why not offer them remote work opportunities? Alternatively, consider using coworking spaces or sharing office space with other businesses.

2. Taking out too many loans

Next, be sure that you don’t take out too many business loans or use too many credit cards when paying for business expenses. While it’s true that any startup will have to take out some debt to pay for equipment, materials, and other essentials, taking out too many loans could eventually overwhelm your finances with the interest payments.

Since most startups don’t turn a profit within the first two years of their existence, you’ll need to keep this in mind as you take on additional debt. At the very least, try only to take out loans that require repayment a couple of years in the future. That way, any cash flow can be used to pay off the most important debts ASAP without allowing your interest payments to skyrocket in the meantime.

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Keep this in mind when considering fundraising as well.

3. Overspending on inessentials

“Inessentials” will vary from company to company, of course. But for many businesses, these include:

Special amenities or perks for employees, like catered lunches.
New uniforms every year as you refine your company’s aesthetic and style.
Special workplace initiatives and programs.
Free things for your company clients.
Overzealous marketing campaigns—it’s better to have a small but targeted marketing campaign than spend tons of money on inessential ads that saturate the market.

You can usually avoid this by considering what you spend carefully. But that leads us into our next major money pitfall …

4. Not practicing good accounting habits

Every business, no matter its size or objectives, needs an accounting department. But lots of young entrepreneurs will avoid getting an accountant, or even practicing accounting themselves if they are a one-person show.

But not practicing good accounting from the get-go is foolish, plain and simple. By not practicing good accounting, you won’t have a good picture of:

How much money your company really spends on a day-to-day basis.
What your real profit margins are, or how much money you truly make.
How much longer you can stay solvent in the initial tense years of your business.

How to cultivate good money habits

While these bad money habits are pervasive in entrepreneurial culture, it’s also true that you can cultivate good money habits. Here are a few ways to overcome the above disadvantages, ensuring your company reaches its sales goals and starts generating profit.

Get an accountant

First, hire a professional accountant for your company. Accounting is crucial, so you always know how much money you have. Developing proper accounting procedures also ensures you don’t overspend your money and fall into unnecessary debt.

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Sure, hiring an accountant costs money. But the odds are, having a talented accountant among your company’s employees will save you money in the long run. Plus, it will enable you to make wiser financial decisions as your business grows and scales with success.

Make sure the accountant uses good software, of course, that can generate reports like profit and loss statements and other essential documents.

Track all spending

You should track all your company’s spending to make sure you don’t overspend and fall too deep into debt. Many companies become business broke not because they fail to generate revenue, but because they take on too much debt and cannot repay all the purchases they made in their first few years.

By tracking your spending, you’ll ensure that your gradual revenue growth is enough to offset the cost of debt payments and interest, while also making regular purchases of supplies and materials for your products or services.

Invest in your company’s practical output

Lastly, be sure to invest all of your company’s revenue back into things that result in “practical output.” Practical output is best understood as the actual products or services you can later sell for a profit. For example, if your company sells “no medical” life insurance, your business should invest its revenue back into selling more insurance policies, not renovating unnecessary office space or hiring a bunch of unneeded employees to look more productive than you actually are.

By investing in practical output, you’ll shrink the gap between your revenue and expenses and help your business get “in the black” more quickly.

ALSO READ: Joint Statement of President of Pakistan Dr Arif Alvi and President of China Xi Jinping

Break your poor money habits

Poor money habits can easily lead you to business bankruptcy if you aren’t careful. That said, it’s easy to avoid going bankrupt if you take the time to consider your business expenses, hire an accountant to help you steer your finances, and try not to overspend on inessential stuff.

Entrepreneurs just like you have succeeded for generations. You, too, can practice good business finances by keeping these tips in mind throughout your business journey!

Via AB

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Aviation

LAX Passenger Volume Surge Today, Nov 23: Exploring the 500% Increase

Published

4 days ago

November 23, 2025

Abdul Rahman

If you are reading this from the floor of Terminal 4 near the American Airlines check-in, I’m sorry. If you are reading this from the comfort of your couch, stay there.

Today, November 23, Los Angeles International Airport (LAX) isn’t just busy; it is a kinetic experiment in human density. Early reports and viral social media metrics are tossing around a staggering figure: a 500% increase in passenger volume. While the statisticians will eventually smooth that number out against year-over-year averages, the feeling on the ground is undeniable.

We aren’t just seeing a holiday rush. We are witnessing a “perfect storm” of logistics, psychology, and policy collision.

Table of Contents

The “Why”: Anatomy of a Super-Surge

To understand why the 500% figure feels real, you have to look at the calendar. We are sandwiched between two massive pressure points.

The Post-Shutdown Rebound: We are barely ten days out from the end of the 43-day government shutdown. For over a month, flight restrictions and FAA staffing shortages throttled capacity. Today represents the breaking of that dam. The “500%” isn’t just normal traffic; it’s the release of six weeks of pent-up business and leisure travel that was artificially suppressed until mid-November.
Thanksgiving Proximity: It is the Sunday before Thanksgiving. Historically, this is a “yellow alert” day, ramping up to the “red alert” of Wednesday. But combined with the post-shutdown floodgates, today has effectively become the busiest travel day of the decade.
The Infrastructure Gap: Construction on the Central Terminal Area curbside improvement just began. This means lanes are closed exactly when volume is quintupling.

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The Reality Check: A Terminal-by-Terminal Breakdown

The raw numbers (82 million Americans traveling this week) are abstract. The reality at LAX today is visceral.

The Loop (World Way): It is currently a parking lot. The “horseshoe” design of LAX, finalized in an era when a 500% surge was mathematically impossible, is failing. Ride-shares are cancelling en masse because they simply cannot enter the central terminal area without losing an hour of revenue.
TSA Checkpoints: This is where the “500% surge” hits hardest. With TSA staffing still restabilizing post-shutdown, PreCheck lines are bleeding into general boarding. The unspoken social contract of the airport queue is fraying.
The Lounge Economy: Even the sanctuaries are overrun. The Delta Sky Club and the Star Alliance Lounge are reportedly operating “one-in, one-out” policies. When you can’t even buy your way out of the crowd, you know the system is saturated.

The Verdict: Is This the New Normal?

Is the “500% increase” a fluke or a forecast?

My verdict is that this is a warning shot. The aviation industry has been celebrating the “return to travel” since 2022, but today proves we have returned with a vengeance that our infrastructure cannot handle. We are trying to pour a gallon of water into a shot glass.

If you are traveling today, you are not a passenger; you are a participant in a logistical stress test. The infrastructure is crumbling not under neglect, but under sheer, unpredicted demand. The “Revenge Travel” narrative was supposed to end last year; instead, it has mutated into “Habitual Travel,” where flyers are willing to endure almost any level of friction to move.

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Survival Guide: Navigating the Surge

If you must fly out of LAX in the next 24 hours, standard advice no longer applies.

Abandon the Loop: Do not get dropped off at your terminal. It is a trap. Get dropped off at the LAX-it lot or a nearby hotel (like the Hyatt Regency) and walk. The 15-minute walk will save you 45 minutes of gridlock.
Digital Sentry: Watch your flight status like a hawk. With this volume, one delayed inbound aircraft creates a domino effect that will wipe out the entire evening board.
Pack Patience (and Snacks): The food court lines are currently longer than the security lines. If you didn’t bring food, you are fasting.

The bottom line: The 500% surge is real in impact, if not in exactitude. Today, LAX is not an airport; it is a city under siege. Proceed with caution, and if you can, maybe wait until Tuesday.

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Startups

🌐 The Global Blockchain Show 2025 Is Coming to Abu Dhabi – December 10–11, 2025

Published

7 days ago

November 20, 2025

Abdul Rahman

The blockchain world is converging in Abu Dhabi this December for one of the most anticipated Web3 events of the year: the Global Blockchain Show 2025, taking place December 10–11, 2025. With over 7,000+ attendees, 250+ global speakers, and 350+ pioneering companies, this summit promises to be a powerhouse of innovation, networking, and strategic insight globalblockchainshow.com Cointelegraph.

Table of Contents

🚀 A Premier Web3 & Crypto Conference

Organized by VAP Group and powered by Times of Blockchain, the Global Blockchain Show is more than just a conference—it’s a launchpad for the future of decentralized technology. Held at a world-class venue in Abu Dhabi, the event will spotlight the UAE’s bold leap into blockchain adoption across government, enterprise, and finance Cointelegraph.

🔍 What to Expect

1. Global Thought Leadership

Hear from 250+ blockchain pioneers, founders, and policy shapers driving the next wave of innovation. Topics will span:

Web3 infrastructure
Tokenization and DeFi
Blockchain regulation and compliance
Enterprise integration and smart contracts

2. Elite Networking

Rub shoulders with:

Top-tier investors
Tech giants
Startups and developers
Government officials and regulators

This is your chance to forge partnerships that could shape the next decade of blockchain evolution.

3. Immersive Exhibitions

Explore cutting-edge solutions from 350+ companies showcasing the latest in crypto, NFTs, metaverse, and enterprise blockchain applications.

🌍 Why Abu Dhabi?

Abu Dhabi is rapidly emerging as a global blockchain hub, with progressive regulation, strong institutional support, and a thriving tech ecosystem. The city’s commitment to digital transformation makes it the perfect host for a summit of this scale and ambition.

🎯 Who Should Attend?

This event is ideal for:

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Blockchain founders and developers
Crypto investors and analysts
Web3 startups and entrepreneurs
Government and enterprise leaders
Legal and compliance professionals

Whether you’re building the next unicorn or shaping policy, the Global Blockchain Show offers unparalleled access to insights, capital, and community.

📅 Save the Date

Global Blockchain Show 2025
🗓️ Dates: December 10–11, 2025
📍 Location: Abu Dhabi, UAE

Ready to be part of the future?
Visit the official website to register, explore the agenda, and secure your spot among the world’s top blockchain minds globalblockchainshow.com.

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Events

🌍 World School Summit 2026 – Malaysia

Published

1 week ago

November 20, 2025

Abdul Rahman

34th Edition | 24th January, 2026

Table of Contents

Introduction

Education is evolving faster than ever, and the leaders shaping tomorrow’s schools must stay ahead of global trends. The World School Summit, now in its 34th edition, is set to take place in Malaysia on 24th January, 2026. This prestigious gathering will unite the world’s top educators, school owners, principals, directors, and institutional leaders for a transformative day of learning, networking, and collaboration.

Why the World School Summit Matters

The summit is more than just an event—it’s a global platform for innovation in education. With participants from across continents, the summit fosters dialogue on the most pressing challenges and opportunities facing schools today.

Key highlights include:

🌐 Global Networking: Connect with principals, directors, and school owners from diverse regions.
💡 Thought Leadership: Hear from pioneering educators and experts on the future of learning.
📈 Strategic Insights: Explore new models of school management, leadership, and institutional growth.
🤝 Collaborative Opportunities: Build partnerships that extend beyond borders.

Who Should Attend

The World School Summit is designed for:

Principals and School Leaders
Directors and School Owners
Educators and Teachers
School Management Professionals
Education Institutes and Policy Makers

Whether you’re leading a single institution or shaping national education policy, this summit offers actionable strategies and global perspectives to elevate your impact.

Malaysia: The Perfect Host

Malaysia, with its rich cultural diversity and growing reputation as a hub for international education, provides the ideal backdrop for this global summit. Attendees will not only gain professional insights but also experience the country’s vibrant culture and hospitality.

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Looking Ahead

As the 34th edition of the World School Summit, this event builds on decades of success, continually adapting to the changing landscape of education. The 2026 summit promises to be one of the most impactful yet, setting the tone for the future of schools worldwide.