From the category archives:

Start-Up Costs

and, to keep it open

Many small businesses fail each year. Some experts quote research showing nine of ten start ups will be gone within the first 2 years. Others say five out of ten new businesses fail within the first 5 years. Let’s just say the figure is large and you do not want to add to the sum.

opening-business-costsHere, we’ll look at how to prevent a main reason for failure: Inadequate or faulty financial projections and inadequate funds (or personal savings) to cover all the business expenses until the business begins to generate a positive cash flow.

To avoid this, you need to know how much money you have, how much can you’ll need for start-up costs and how much money it will take to stay in business. [Read More]

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