You're great at what you do — designing, photographing, creating content. But finances? That's a different story.

1. No separate business account

Mixing personal and business expenses is a recipe for chaos. Open a separate business account.

2. Sending invoices too late

You've done the work, but the invoice is nowhere to be seen. This is deadly for your cash flow.

3. Not accounting for taxes

Set aside at least 30-35% each month for income tax and VAT.

4. Forgetting the small business scheme

Many entrepreneurs don't know they may qualify for the KOR (small business scheme).

5. Not keeping a financial overview

A monthly overview of income and expenses is essential.