As a member of an entrepreneurial venture, you'll quickly recognize the importance of every dollar that your business transacts. Before you can even begin doing business, you're forced reach into your own pockets and endlessly pitch your idea to family members, friends, and many outside investors to attract the necessary funding -- which oftentimes seems to be an insurmountable amount. Once you're able to start operations and begin to record actual revenues (instead of forecasting projections), the value of each dollar becomes even more apparent. Fortunately, there are a number of common mistakes to avoid and steps that you can take as a first time entrepreneur to stretch your budget.