Bangalore: Most entrepreneurs don't start out as financial whizzes. The decision to start a new business is never easy; deciding to launch a new business in the current economy can be absolutely terrifying. It is quite obvious that you are likely to fail as you are to succeed. One of the main culprits that shut down new businesses during the start up period is money along with unsuitable business plan. For any entrepreneur figuring out the financial details of his new venture can seem a mix of aspiration and idiocy. Kamat unlike most 99 percent of the engineers, who graduate in India, decided that a job was not the way to go after graduation. Software companies would expect him to do mindless "programming" and pay him around 2 Lakh 70 Thousand yearly which he did not accept. He wanted to do something bigger, better and more challenging. He attempted a startup. But just after a year, the startup crashed. Because of the mistakes he made that was way too many for any startup to succeed. It was a mix of improper financial planning and business plan. Hence business owners are prone to making financial mistakes that undermine their efforts to build wealth. Here are five finance-related mistakes entrepreneurs often make that shut down the startup before it gets off the ground. Can't Differentiate Between Saving and Investing Most of us believe that saving and investing is the same. They are not. The money you have in savings is money you don't want (or can't afford) to lose. Money you invest is subject to loss. But most of the entrepreneurs invest to save, and as a result, they have no idea what their amount is worth when they plan to tap into it. Never utilize the money you can't afford to lose. Are you sure the money you use today in your startup, will it return to you by the end of two years.