4.3 Financial planning

Typical financing mistakes should be avoided. These include:

• too little equity capital,
• no timely negotiations with the house bank,
• Use of the overdraft facility to finance investments,
• high debts to suppliers,
• inadequate planning of capital requirements,
• public financial aid is not applied for, even though it is cheaper,
• Payments and deadlines are not met,
• financial overload due to seemingly favourable loans.