Jul 01
If you’re thinking about starting your own business, any type of business, one fundamental will be expenses that you will need to cover before you open your doors, launch your website, or sell your first product or service. The timing of starting expenses is what distinguishes them from ongoing expenses that you track each month in the course of doing business.
As part of your estimates for starting costs, you will also want to plan for a cash reserve to cover the actual costs of doing business during the first few months, until your sales are sufficient to cover your operating costs.
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