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How to plan for a new business in a new year
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[QUOTE="Yusra3, post: 294076, member: 31907"] Planning for a new business in a new year is easier than you might think. First, take stock of your current situation. Do you have any employees? How many hours per week do they work? What are their salaries? If you don't currently have any employees, but plan on hiring them at some point in the future, take some time to determine how much you're willing to pay each employee and what kind of benefits they'll receive. Once you have an idea of what your salary requirements will be and how much time it will take to train new hires, it's time to figure out how much money you'll need to start up your new business. This number should be based on the amount of capital required to get started, as well as the cost of all materials needed for production. You can also use this number to determine how much cash flow your business needs and if it's too little or too much, that's something you need to adjust before launch day! [/QUOTE]
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