managing Numerous challenges come with starting a new business. One way to keep things clean and simple from the start is to separate your business finances and personal finances early on. It’s easy to mix the two—for example, putting business expenses on your personal credit card, or dipping into money for your business to pay for personal expenses. Over time, this can be detrimental, not only for your business, but your personal life as well. Worse, it could even lead to legal problems.