Saving to Start a Business

Man about to sign a paper

Most new businesses get started out of personal savings. The amount of money you will need to start yours depends on the initial outlay of funds you will need to get started, plus the number of months of ongoing expenses you will want to have saved in advance to pay your business expenses before the revenue from your operations can pay for them. Typical startup costs include such things as office furnishings, equipment needed to operate your business and your initial stock of inventory. Once the business is started, you will have continuous expenses that you will incur, such as employee salaries, rent, utilities, and many other costs particular to your business.

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