# 2053: [Part 1] 8 Small Business Mistakes to Avoid by Philip Taylor of PTMoney on Improving Your Business

Page: https://stenobird.com/podcast/optimal-work-daily-career-productivity-and-entrepreneurship-433985/2053-part-1-8-small-business-mistakes-to-avoid-by-philip-taylor-of-ptmoney-on-improving-your-business
Text version: https://stenobird.com/podcast/optimal-work-daily-career-productivity-and-entrepreneurship-433985/2053-part-1-8-small-business-mistakes-to-avoid-by-philip-taylor-of-ptmoney-on-improving-your-business.md
Podcast: [Optimal Work Daily - Career, Productivity and Entrepreneurship](https://stenobird.com/podcast/optimal-work-daily-career-productivity-and-entrepreneurship-433985)
Published: 2026-05-15T07:00:00+00:00
Episode link: https://traffic.megaphone.fm/OLD8816157133.mp3?updated=1778525355
Audio file: https://traffic.megaphone.fm/OLD8816157133.mp3?updated=1778525355
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Duration seconds: 461

## Resource

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2053: Philip Taylor shares hard-earned lessons from his entrepreneurial journey, covering the subtle mistakes that quietly hold businesses back, from staying too cheap to focusing on sales instead of profit. His insights help business owners think more strategically about growth, financial habits, goal-setting, and building a business that creates freedom instead of another job. Read along with the original article(s) here: https://ptmoney.com/small-business-mistakes/ Quotes to ponder: "As a business owner, you should focus on profit (i.e. the bottom line), not just sales." "Never assume you can’t do something." "One of the best things you can do for your maturing business’ finances is to open up a separate bank account." Episode references: Pebble Watch Kickstarter Campaign: https://www.kickstarter.com/projects/597507018/pebble-e-paper-watch-for-iphone-and-android Learn more about your ad choices. Visit megaphone.fm/adchoices

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