Question

How you will determine the financial requiremet of business explain?

Answer 1

One of the biggest challenges of starting a new business is making sure you’ll have enough money to see you through the challenging first months.

Without adequate financial resources, your business will have a hard time finding its footing. Entrepreneurs also need to be realistic about how long it will take for revenues to catch up to costs. You may have to endure losses for one or two years—perhaps even longer—and you will need money to tide you over.

To ensure you have adequate funds, it’s important to estimate your financial needs before starting a new business. The first step is to figure out your expenses. These can be divided into one-time start-up costs and recurring expenses.

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